Regulatory Alerts2018-12-19
Added · Updated
General Valuation Principles for Renewable Energy Assets in Covered Bond Cover Pools under the Law of 22 June 2018
The CSSF establishes prudent valuation standards for renewable energy projects within the cover pools of covered bond banks, defining fair value according to IFRS 13. Covered bond banks must ensure appraiser independence, conduct annual revaluations, and apply consistent discounted cash flow techniques with sanity checks. Loans in default are excluded from cover pool calculations if interest or redemption payments are past due by more than 1% of the loan's nominal or current value. These standards enter into force with immediate effect.
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