NFU News

NFU responds to EBA consultation paper on draft Guidelines on loan origination and monitoring

NFU welcomed the opportunity to provide views to EBA´s consultation on draft Guidelines on loan origination and monitoring. The purpose behind the development of the Guidelines is that institutions have robust and prudent standards for credit risk taking, management and monitoring, and that newly originated loans are of high credit quality.

The Guidelines were also developed in response to the European Council Action Plan on tackling the high level of non-performing exposures.

While NFU acknowledges the general idea of addressing credit risk and ensuring that institutional practices are aligned with consumer protection rules, we highlighted several areas of improvement in connection to remuneraton principles and practices; green lending; employee competence development; and more.

Read the full consultation reply here

Related news

2020.02.11 | NFU News
11 februari, 2020

NFU seeks General Secretary

Are you a proactive and visionary leader with a strong commitment to trade union values? Do you thrive in a fast-paced and professional international setting? Then you might be the one we are looking for to be the next General Secretary for Nordic Financial Unions.
Read more