Regulatory Alerts2021-10-29
Added · Updated
Circular Letter No. CC/2021/00000051
Banco de Portugal issued Circular Letter No. CC/2021/00000051 to emphasize that less significant credit institutions must fully comply with the EBA Guidelines on data entry criteria for risk assessment models under Article 325-BC of Regulation (EU) No 575/2013. The directive mandates that these guidelines be followed and applied within the context of currently applicable national legislation and regulation. This requirement targets specific financial entities including credit institutions, agricultural credit mutuals, savings banks, and mortgage credit institutions.