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
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