ECB REVISES NON-PERFORMING LOANS AND EXPOSURES IN LIGHT OF NEW
PILLAR 1
The European Central Bank ("ECB") has recently revised
its supervisory expectations for the prudential provisioning of
Non-Performing Loans and Exposures (NPLs/NPEs), accounting for the
new requirements imposed by ICAAP's Pillar 1. Aspiring for more
consistent treatment upon NPEs, such revisions, inter alia, clarify
that ECB's supervisory expectations for new NPEs will be
limited to NPEs arising from loans originated before 26 April 2019,
whereas NPE which originate after such date shall be directly
subject to Pillar 1 treatment.
ECB NOTICE
EQUITY RELEASE FINANCIAL PRODUCTS REGULATIONS COME INTO FORCE
ON 1ST SEPTEMBER 2019
