Regulatory Alerts2023-06-21
Added
Instruction No. 14/2023
Bank of Portugal amends Instruction No. 3/2015 to align with ECB Guidelines (EU) 2023/831 and 2023/831, eliminating the temporary COVID-19 haircuts and restructuring haircuts for eligible assets. The update reclassifies EU debt instruments into Haircut Category I, moves legislative and multi-currency ABS into Category II, and splits longer-term instruments into three new categories. It replaces the previous 5% theoretical mark-to-market reduction with a maturity-based sliding scale and specifies residual maturity definitions for own-use ABS.
More like this from BDP
BDP published 6 documents in the last 30 days. We email you each new one the day it's published.
Topics
Share