Regulatory Alerts2021-12-17
Circular Letter No. CC/2021/00000060
Banco de Portugal issued Circular Letter No. CC/2021/00000060 to disseminate the European Banking Authority's guidelines on exceptional cases where institutions exceed large exposure limits under the Capital Requirements Regulation. The document specifies the criteria for assessing such breaches and outlines the required timeframes and measures for restoring compliance with regulatory thresholds. It applies to credit institutions and financial companies to ensure adherence to prudential standards regarding credit risk concentrations.
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