BaFin updated a frequently asked question (FAQ) on general payment moratoria applied in response to COVID-19 pandemic. The FAQ provides an updated list of payment relief initiatives, as notified by BaFin to EBA. According to the EBA guidelines on legislative and non‐legislative moratoria on loan repayments, national competent authorities are required to notify EBA of any use of general payment moratoria in their jurisdictions. BaFin keeps updating the list of FAQs regarding supervisory measures in response to pandemic. The answers to FAQs provide clarifications on topics related to credit risk, payment moratoria, accounting and valuation, governance, liquidity risk, state support programs, and reporting.
Related Link: FAQs (in German)
Keywords: Europe, Germany, Banking, COVID-19, FAQ, Credit Risk, Reporting, Loan Repayment, Loan Moratorium, EBA, BaFin
Scott is a Director in the Regulatory and Accounting Solutions team responsible for providing accounting expertise across solutions, products, and services offered by Moody’s Analytics in the US. He has over 15 years of experience leading auditing, consulting and accounting policy initiatives for financial institutions.
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