ACPR Extends EBA Loan Moratoria Guideline to Certain Finance Companies
ACPR notified that it will comply with the June 2020 EBA guideline (GL/2020/08) on legislative and non-legislative moratoria on loan repayments applied due to the COVID-19 pandemic. The EBA guideline GL/2020/08 amended the EBA guideline GL/2020/02 and extended the application date of GL/2020/02 from June 30, 2020 to September 30, 2020. ACPR also issued a notice to extend this EBA guideline (GL/2020/08) to finance companies. These finance companies do not fall within the definition of “financial institutions” referred to in Regulation 1093/2010. However, the requirements of Capital Requirements Directive (CRD IV) related to capital adequacy and risk management apply to these finance companies. This notice is applicable from the date of its publication in the Official Register of ACPR.
Related Links
- Compliance Notice for EBA Guidelines (PDF in French)
- Extension of EBA Guidelines to Finance Companies (PDF in French)
- EBA Guidelines, June 2020 (PDF in English)
Effective Date: July 21, 2020
Keywords: Europe, France, Banking, COVID-19, Credit Risk, Securities, Loan Moratorium, CRD IV, Basel, EBA, ACPR
Featured Experts
María Cañamero
Skilled market researcher; growth strategist; successful go-to-market campaign developer
Victor Calanog, Ph.D.
Leading economist; commercial real estate; performance forecasting, econometric infrastructure; data modeling; credit risk modeling; portfolio assessment; custom commercial real estate analysis; thought leader.
Nicolas Degruson
Works with financial institutions, regulatory experts, business analysts, product managers, and software engineers to drive regulatory solutions across the globe.
Previous Article
DNB Announces Several Reporting Updates in July 2020Related Articles
HKMA Sets Out Regulatory Treatment for Personal Loan Guarantee Scheme
HKMA has published a circular that sets out the regulatory and reporting treatment for loans that participating authorized institutions may grant to eligible borrowers under the 100% Personal Loan Guarantee Scheme.
ECB Completes Targeted Review of Internal Models of Banks
ECB published the results of the assessment of internal models that banks use to calculate risk-weighted assets for credit, market, and counterparty credit risks.
PRA on Regulatory Treatment of Loans Under Mortgage Guarantee Scheme
PRA published a statement on the regulatory treatment of retail residential mortgage loans under the Mortgage Guarantee Scheme, or MGS.
FCA Consults on Rules and Reporting Forms for Investment Firms Regime
FCA is consulting, via CP21/7, on the second phase of proposed rules to introduce the UK Investment Firm Prudential Regime (IFPR).
HMT and BoE Decide to Explore Central Bank Digital Currency in UK
HM Treasury and BoE announced the joint creation of a Central Bank Digital Currency (CBDC) Taskforce to coordinate the exploration of a potential central bank digital currency in UK.
EIOPA Sets Out Expectations on Use of Climate Risk Scenarios in ORSA
EIOPA published an opinion to set out its expectations on the supervision of the integration of climate change risk scenarios by insurers in their Own Risk and Solvency Assessment (ORSA).
Bundesbank Updates AnaCredit Reporting Requirements
Bundesbank published two circulars on AnaCredit reporting requirements. Circular 27/2021 covers changes to the reporting of branches, additional attributes to be reported for investment funds from August 01, 2021, and updates to the list of international organizations.
EC Sets Out Standards for MREL Reporting by Competent Authorities
EC published the Implementing Regulation 2021/622 that lays down implementing technical standards for reporting of the minimum requirement for own funds and eligible liabilities (MREL).
BCBS to Advance Work on Suptech, Climate Risk, and Basel Monitoring
BCBS has set out the strategic work priorities, as part of its the work program for 2021-22.
PRA Finalizes Supervisory Approach for Non-Systemic Banks in UK
PRA published the policy statement PS8/21, which contains the final supervisory statement SS3/21 on the PRA approach to supervision of the new and growing non-systemic banks in UK.
