Regulatory Alerts2020-02-19
Regulation on the Application of Guidelines on Product Oversight and Governance Arrangements for Retail Banking Products
The Governing Board of the Bank of Slovenia issued this regulation to formally apply the European Banking Authority's Guidelines on product oversight and governance arrangements for retail banking products within Slovenia. The rule mandates that banks, payment institutions, and consumer credit providers must integrate these guidelines into their internal control systems for designing, marketing, and reviewing retail products throughout their lifecycle. Additionally, the Bank of Slovenia is required to consider these guidelines when exercising its supervisory powers over the regulated entities.
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