RegAlertRule · BDP · 29 Oct 2021
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.
Circular Letter No. CC/2021/00000051
Summary
Guidelines regarding the criteria for the use of data entries in the risk assessment model referred to in Article 325-BC of Regulation (EU) No 575/2013 (EBA/GL/2021/07). Banco de Portugal highlights the importance of less significant credit institutions giving adequate compliance with the Guidelines, which must be followed and applied in the context of the legislation and regulation currently in force applicable to them.
Status: In force
Official Journal: 10/2021 Supplement
Publication Date: 29-10-2021
Issue Date: 26-10-2021
Recipient Type: Credit Institutions
Descriptors: Information Elements, Financial Stability, Own Funds, Risk Management, Financial Information, Credit Risks, Market Risks, Supervision Recipients: Banks, Central Credit Agricultural Mutual Cashbox, Agricultural Credit Mutual Cashboxes, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions
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- Issued under
“criteria for the use of data entries in the risk assessment model referred to in Article 325-BC of Regulation (EU) No 575/2013”
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