European Union:
European Banking Authority Develops Templates For Non-Performing Loans
05 January 2018
Shearman & Sterling LLP
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On December 14, 2017, the European Banking Authority published
standardized data templates for non-performing loans, following
calls from the European Commission and the Council of the European
Union to develop templates that would assist in developing the NPL
secondary markets. The templates are not a supervisory reporting
requirement, but a market standard to be used by banks on a
voluntary basis.
The EBA's press release is available at: http://www.eba.europa.eu/-/eba-publishes-its-standardised-data-templates-as-a-step-to-reduce-npls
and the templates are available at: https://www.eba.europa.eu/risk-analysis-and-data/eba-work-on-npls
.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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