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ARTICLE · 15 MARCH 2021

Banking & Fintech Newsletter – Issue No. 25

Ganado Advocates
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Issue no. 25 of the banking & fintech newsletter is now available.

MaltaFinance and Banking
Leonard Bonello
Leonard Bonello
James Debono
James Debono
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EBA consults on Guidelines to Assess Breaches of Large Exposure Limits

The EBA has launched a consultation process aimed at classifying the criteria that competent authorities should base their assessment of breaches of large exposure limits on.

The proposed guidelines hold that any breach of the large exposure limits of Article 395(1) of the Capital Requirements Regulation (CRR) should always be considered as an exceptional case. The guidelines propose criteria aimed at determining exceptional cases, information that must be given to the competent authority in case of a breach of the large exposure limits, criteria to determine the appropriate time to return to compliance with the limits, and measures to be taken to ensure that the institution returns to compliance with the limits established, in a timely manner.

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