Guidelines on the application of the definition of default

  • Status: Final and translated into the EU official languages

These Guidelines harmonise the definition of default across the EU prudential framework and improve consistency in the way EU banks apply regulatory requirements to their capital positions. A detailed clarification of the definition of default and its application is provided in these Guidelines, which cover key aspects, such as the days past due criterion for default identification, indications of unlikeliness to pay, conditions for the return to non-defaulted status, treatment of the definition of default in external data, application of the default definition in a banking group and specific aspects related with retail exposures.

Summary of document history

Previous versions Current version Ongoing versions

Final Report on Guidelines on default definition

  • Status: In force
  • Application date:
  • Compliance deadline:
Documents
Final Report on Guidelines on default definition (EBA-GL-2016-07)

(975.94 KB - PDF) Last update 28 September 2016

EBA GL 2016 07-CT GLs on application of the definition of default.pdf

(156.81 KB - PDF) Last update 22 May 2023

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