Regulatory Alerts2020-09-25
Added · Updated
CSSF Circular 20/751: Adoption of EBA Guidelines on Non-Performing and Forborne Exposures
The CSSF integrates EBA Guidelines EBA/GL/2018/06 and EBA/GL/2018/10 into its administrative practice, requiring credit institutions to implement sound credit risk management and consumer protection standards for non-performing and forborne exposures. Credit institutions with a gross non-performing loan ratio of 5% or above must establish an NPL strategy and apply specific governance and operational chapters. Disclosure requirements under EBA/GL/2018/10 apply to listed small and non-complex institutions and other non-listed institutions subject to CRR Part Eight, while unlisted small and non-complex institutions are exempt. The circular applies with immediate effect.
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