RegAlert2021-07-20 | NBB_2021_18Added
Circular NBB_2021_18 / EBA Guidelines on loan origination and monitoring (EBA/GL/2020/06)
The National Bank of Belgium implements the European Banking Authority's guidelines on loan origination and monitoring for credit institutions, brokerage firms, and resolution bodies in Belgium. The document establishes requirements for internal governance, loan origination procedures, pricing, collateral valuation, and monitoring frameworks to improve credit quality and limit non-performing loans. Compliance is generally required by June 30, 2021, with a six-month tolerance period until December 31, 2021, and specific data collection for existing facilities due by June 30, 2024. The guidelines apply proportionally based on the size, nature, and complexity of the institutions and facilities, with specific provisions for consumer protection and environmental, social, and governance factors.
NBB published 1 document in the last 30 days — get each new one by email the day it lands.
NBB_2021_18 – July 20, 2021 Circular – Page 1/5 14 Berlaimont Boulevard – BE-1000 Brussels tel. +32 2 221 38 12 company number: 0203.201.340 RPM Brussels www.bnb.be
Circular
Brussels, July 20, 2021
Reference: NBB_2021_18 your correspondent:
Claire Renoirte tel. +32 2 221 53 50 claire.renoirte@nbb.be
EBA Guidelines on loan origination and monitoring (EBA/GL/2020/06)
Scope
This circular applies to credit institutions, brokerage firms, resolution bodies and entities treated as resolution bodies under Belgian law, as well as to branches established in Belgium of credit institutions and brokerage firms subject to the law of a non-EEA country (hereinafter "the institutions"), both on a consolidated and a solo basis.
Read the rest free, and get an email when NBB publishes again
Lineage: In force
Source: National Bank of Belgium — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from NBB
NBB published 1 document in the last 30 days. We email you each new one the day it's published.