Regulatory Alerts2024-02-02
Regulation on the Application of Guidelines on the Definition of Default under Article 178 of Regulation (EU) No 575/2013
The Governing Board of the Bank of Slovenia issued this regulation to formally adopt the European Banking Authority's guidelines on applying the definition of default under Article 178 of Regulation (EU) No 575/2013 within Slovenia. The document mandates that authorized banks and the Bank of Slovenia acting as a competent authority must fully incorporate these guidelines into their internal ratings-based and standardized credit risk approaches. The regulation entered into force the day after its publication in the Official Gazette, with the guidelines becoming applicable to institutions on 31 December 2020.
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