Regulatory Alerts2020-10-26
Regulation on the Application of EBA Guidelines on Credit Risk Mitigation for IRB Institutions with Own LGD Estimates
The Bank of Slovenia issued a regulation to implement the European Banking Authority's guidelines on credit risk mitigation for institutions using the Internal Ratings-Based approach with own Loss Given Default estimates. The regulation mandates that Slovenian banks and the central bank as the competent authority fully incorporate these guidelines into their supervisory and operational practices. The regulation entered into force on 24 October 2020 and became applicable on 1 January 2022.
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