Featured Product

    FIN-FSA Amends Regulations and Guidelines on Credit Risk Management

    January 27, 2020

    FIN-FSA issued amended regulations and guidelines 4/2018 on management of credit risk by supervised entities in the financial sector. The regulations and guidelines will enter into force on February 10, 2020.

    The key changes to regulations and guidelines 4/2018 include the following:

    • Addition of EBA Guidelines of October 30, 2018 on the management of non-performing and forborne exposures to the regulations and guidelines
    • As applicable and subject to requisite additions and revisions, addition of the contents of the letter “To banks operating in Finland on Safeguarding banks’ long-term profitability and customer protection” and contents of the supervision release “20/2010—June 08, 2010: Supervisory release of household housing finance”
    • Clarification of lending practices related to housing company credit

    The objective of these regulations and guidelines on the management of credit risk is to ensure that supervised entities and entities belonging to the same consolidation group do not take on credit risks that may jeopardize their profitability or capital adequacy, in the course of their lending or investment activities. In addition, the regulations and guidelines aim to ensure that entities have adequate and effective functions in place, commensurate with the nature and scope of their activities, to identify, measure, mitigate, monitor, and control market risk as part of their overall business risk management and control.

     

    Related Links

    Effective Date: February 10, 2020

    Keywords: Europe, Finland, Banking, Credit Risk, Credit Risk Management, Capital Adequacy, NPLs, FIN-FSA

    Featured Experts
    Related Articles
    News

    OSFI Outlines Prudential Policy Priorities for Coming Months

    OSFI has set out the near-term priorities for federally regulated financial institutions and federally regulated private pension plans for the coming months until March 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BIS Announces TechSprint on Innovative Green Finance Solutions

    Under the Italian G20 Presidency, BIS Innovation Hub and the Italian central bank BDI launched the second edition of the G20 TechSprint on the lookout for innovative solutions to resolve operational problems in green and sustainable finance.

    May 06, 2021 WebPage Regulatory News
    News

    EBA Proposed Regulatory Standards for Central Database on AML/CFT

    EBA proposed the regulatory technical standards on a central database on anti-money laundering and countering the financing of terrorism (AML/CFT) in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ECB Responds to EC Consultation on Crisis Management Framework

    ECB published its response to the targeted EC consultation on the review of the bank crisis management and deposit insurance framework in EU.

    May 06, 2021 WebPage Regulatory News
    News

    ACPR Publishes Version 1.0.0 of RUBA Taxonomy

    ACPR published Version 1.0.0 of the RUBA taxonomy, which will come into force from the decree of January 31, 2022.

    May 06, 2021 WebPage Regulatory News
    News

    BCBS, CPMI, and IOSCO to Survey Market Participants on Margin Calls

    BCBS, CPMI, and IOSCO (the Committees) are inviting entities that participate in market infrastructures and securities markets through an intermediary as well as non-bank intermediaries to complete voluntary surveys on the use of margin calls.

    May 05, 2021 WebPage Regulatory News
    News

    ECB Amends Decision on TLTRO III

    ECB published Decision 2021/752 to amend Decision 2019/1311 on the third series of targeted longer-term refinancing operations or TLTRO III.

    May 05, 2021 WebPage Regulatory News
    News

    Central Bank of Ireland Issues Draft Template for AnaCredit Reporting

    The Central Bank of Ireland published Version 2.7 of the draft credit data template and rules for monthly AnaCredit reporting by banks.

    May 05, 2021 WebPage Regulatory News
    News

    OSFI Consults on Revisions to BCAR and Leverage Requirements Returns

    OSFI proposed revisions to the Basel Capital Adequacy Reporting (BCAR) and leverage requirements returns for the 2023 reporting, with the comment period ending on July 09, 2021.

    May 04, 2021 WebPage Regulatory News
    News

    EBA Seeks Views on Revisions to Nonperforming Loan Data Templates

    EBA published a discussion paper on review of the standardized nonperforming loans (NPL) transaction data templates, along with the proposed revised NPL data templates.

    May 04, 2021 WebPage Regulatory News
    RESULTS 1 - 10 OF 6936