New EBA Guidelines on loan origination and monitoring ...

Through the changes, the Guidelines on loan origination and monitoring, published by the European Banking Authority (EBA) on 29 May 2020, will be added to ... 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Throughthechanges,theGuidelinesonloanoriginationandmonitoring,publishedbytheEuropeanBankingAuthority(EBA)on29 May2020,willbeaddedtoFIN-FSAregulationsandguidelines4/2018.TheGuidelineswillbegintobeappliedfrom30 June2021,subjecttocertaintransitionalarrangementsmentionedintheGuidelines. TheEBAGuidelines clarifytheinternalgovernanceandcontrolframeworkforthecredit-grantinganddecision-makingprocess; specifytherequirementsforassessingthecreditworthinessofborrowersatthepointofcreditgrantingto(1)consumers,(2)microandsmallenterprisesand(3)medium-sizedandlargeenterprises,andsetouttherequirementsforhandlinginformationanddataforsuchassessments; extendthescopeoftheGuidelinesontheassessmentofthecreditworthinessofconsumerstoalsocoverotherconsumerloansinadditiontoconsumerloansrelatedtoresidentialproperty; setoutsupervisoryexpectationsfortherisk-basedpricingofloans; provideguidanceontheapproachestothevaluationofimmovableandmovablepropertycollateralatthepointofcreditgranting,andthemonitoringandreviewofthevalueofsuchcollateral specifytheongoingmonitoringofcreditriskandcreditexposures,includingregularcreditreviewsofborrowers. TheEBAGuidelinesoncreditworthinessassessment (EBA/GL/2015/11)willceasetobevalidon30 June2021,whentheabove-mentionedGuidelinesbegintobeapplied.Consequently,FIN-FSAregulationsandguidelines3/2017,bywhichtheEBAGuidelineshavebeenincorporatedintotheFIN-FSA’ssetofregulationsandinstructions,willberepealedasofthesamedate. Forfurtherinformation,pleasecontact TorstenGroschup,SeniorRiskExpert,telephone+35891835333ortorsten.groschup(at)fiva.fi Appendices Regulationsandguidelines4/2018:Managementofcreditriskbysupervisedentitiesinthefinancialsector EBAGuidelines:Guidelinesonloanoriginationandmonitoring