Regulatory Alerts2019-03-26
Instruction No. 2019-I-08 of March 26, 2019 amending Instruction No. 2011-I-14 of September 29, 2011 on the monitoring of risks on housing loans in France
The Prudential Control and Resolution Authority (ACPR) issued Instruction No. 2019-I-08 to amend the reporting framework for monitoring housing loan risks in France. The directive replaces the existing CREDITHAB data table with an updated annex that expands the scope of monthly indicators, including detailed breakdowns by borrower income, loan-to-value ratios, debt-to-income metrics, and guarantee types. This updated reporting requirement enters into force on March 1, 2020, requiring covered institutions to transmit data for January and February 2020 with their first submission.
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