Circular Letter No. CC/2020/00000068

Summary

It underscores the importance of institutions giving adequate compliance to the guidelines contained in the document “EBA Guidelines on credit risk mitigation and own estimates of loss given default (LGD) (EBA/GL/2020/05)”, which must be followed and applied in the context of current legislation and regulation from January 1, 2022.

Status: In force Official Journal: 12/2020 Publication Date: 15-12-2020 Issue Date: 18-11-2020 Recipient Type: Credit Institutions Descriptors: Credit Losses, Credit Risks, Internal Credit Assessment System, Accounting Treatment, Supervision Recipients: Banks, Central Savings and Credit Cooperative, Agricultural Mutual Credit Societies, Savings Banks, Mortgage Credit Institutions, Credit Financial Institutions

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