Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis

  • Status: Final and translated into the EU official languages

These Guidelines detail the criteria to be fulfilled by legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis before 30 June 2020. The aim of these Guidelines is to clarify the requirements for public and private moratoria, which if fulfilled, will help avoid the classification of exposures under the definition of forbearance or as defaulted under distressed restructuring. 

The Joint Committee of the three European Supervisory Authorities (EBA, ESMA and EIOPA – ESAs) published its draft Implementing Technical Standards (ITS) on the mapping of the credit assessments to risk weights of External Credit Assessment Institution (ECAIs). These ITS will be part of the Single Rulebook in banking aimed at enhancing regulatory harmonisation across the European Union (EU).

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