EBA updated its online Interactive Single Rulebook and Q&A tool to include the Mortgage Credit Directive or MCD. Users will now be able to submit any questions they may have on the application of this directive and the related work of EBA.
Post the inclusion of this directive into the Single Rulebook and Q&A tool, users can review, on the website, all the final technical standards and guidelines of EBA associated with the Mortgage Credit Directive by navigating through the directive on an article by article basis. The purpose of the Q&A tool is to support the consistent and effective application of the EU regulatory framework for the banking sector. The Q&A tool also contributes to the completion of the legislative framework by ensuring any remaining regulatory loopholes are addressed. The process is based on close and ongoing interaction with EC so that responses in the Q&A tool are fully consistent with the EU legislative texts.
Keywords: Europe, EU, Banking, Q&A, Mortgage Credit Service, Technical Standards, Guidelines, Single Rulebook, EBA
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