Regulatory Alerts2021-05-26
Added · Updated
Circular Letter No. CC/2021/00000026: Application of Alternative Treatment for Risk Positions in Tri-Party Repos for Large Exposures
This circular mandates that credit institutions and financial companies comply with EBA Guidelines EBA/GL/2021/01 regarding the alternative treatment of risk positions under tri-party repos for large exposure purposes. The guidelines specify the conditions, limits, and frequency for determining, controlling, and reviewing collateral management arrangements mediated by a tri-party agent, effective from June 28, 2021. Banco Portugal emphasizes that these guidelines must be followed within the context of applicable national legislation and will be considered in the interpretation of legal and regulatory provisions to verify compliance.
Topics
Share