Amendments to the Bank of Latvia Regulations No. 265 "Credit Risk Management Regulations"

The Bank of Latvia amends its Credit Risk Management Regulations by introducing definitions for accounting standards and moratoria, updating terminology regarding governance and risk management, and extending maximum repayment terms for mortgage and consumer loans to 30 and 7 years respectively. The amendments establish specific conditions for applying moratoria, require quantitative credit risk indicators for significant environmental risks, and set a 10 percent cap on deviations from lending restrictions based on borrower creditworthiness assessments.

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LAIVAS REPUBLIKAS TIESĪBU AKTI

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Lineage: In force

amendssupersedesissued underrefers toproposed or not in RegAlertarrows run from the older text to the one that changes it

Source: Financial and Capital Market Commission Latvia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works