Response to consultation on creditworthiness assessment

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Question 2: Are there any additional requirements that you would suggest adding to the Guidelines? If so, outline the reason(s) for each proposed additional requirement.

Following on from points made above, the EBIC believes that it is important to include in the draft guidelines requirements relating to ‘responsible borrowing’, which would oblige borrowers to provide the lender with complete and correct information on their financial situation and personal circumstances in the context of the credit application process.

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Name of organisation

European Banking Industry Committee (EBIC)