Regulatory Alerts2018-01-01 | FIN-FSA Regulations and guidelines 4/2018Management of credit risk and assessment of creditworthiness by supervised entities in the financial sector
The Finnish Financial Supervisory Authority (FIN-FSA) issued Regulations and Guidelines 4/2018 to establish requirements for the management of credit risk and assessment of creditworthiness by supervised entities in the financial sector. These regulations were amended on 20 October 2020 to incorporate new European Banking Authority (EBA) guidelines regarding loan origination and monitoring. The document outlines the operational framework for credit risk management, including specific provisions for payment institutions, consumer lenders, and investment firms.
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