Regulatory Alerts2022-03-24
Instruction (Historical) No. 7/2022
The Bank of Portugal issued Instruction No. 7/2022 to regulate the reporting obligations of credit institutions regarding exposures subject to measures implemented in response to the COVID-19 crisis. This directive operationalizes the reporting requirements set forth in the European Banking Authority's guidelines (EBA/GL/2020/07) to ensure consistent supervisory data collection. The instruction entered into force on March 25, 2022, and applies to banks, the Central Credit Cooperative Bank, agricultural credit cooperatives, savings banks, and mortgage credit institutions.
Instruction (Historical) No. 7/2022
Summary
Regulates the duty to report to the Bank of Portugal information on exposures subject to measures applied in response to the COVID-19 crisis in accordance with EBA guidelines (EBA/GL/2020/07).
Status
In force
Official Journal
3/2022 Supplement
Enabling Law
Law No. 5/98, of 31-01, art. 17; Decree-Law No. 298/92, of 31-12, art. 120, nos. 1 and 2
Descriptors
BPnet, Financial Stability, Information Elements, Major Risks, Accounting Nature Information, Financial Information, Prudential Standards, Information Provision, Supervision
Publication Date
24-03-2022
Disclosure Date
24-03-2022
Entry into Force Date
25-03-2022
Recipient Type
Credit Institutions
Recipients
Banks, Central Bank of Agricultural Credit Mutual, Agricultural Credit Mutual Savings Banks, Savings Banks, Mortgage Credit Institutions
Theme :: Subtheme
Information Elements Instructions
Altered/Revoked Instructions
Instruction No. 19/2020
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