Regulatory Alerts2020-10-14
Implementation of EBA guidelines on credit risk mitigation techniques for institutions applying the IRB approach with their own LGD estimates (EBA/GL/2020/05)
The French Prudential Supervision and Resolution Authority (ACPR) has declared conformity with the European Banking Authority's guidelines on credit risk mitigation for institutions using the Advanced Internal Ratings-Based approach with their own Loss Given Default estimates. These guidelines apply to credit institutions supervised by the ACPR starting from January 1, 2022. Institutions are required to take all necessary measures to comply with these guidelines in accordance with Article 16 of Regulation (EU) No 1093/2010.
Share