Is your IT able to support the compliance with the EBA guidelines?
EBA has guidelines on management of non-performing and forborne exposures.
Internal control functions should regularly submit to the management body online and written reports on NPL management, highlighting major identified deficiencies.
These reports should include, for each new identified major deficiency:
– the relevant risks involved,
– an impact assessment,
– recommendations and
– corrective measures to be taken.
Where necessary, the heads of internal control functions should be able to have access to and report directly to the management body in its supervisory function to raise concerns and warn the supervisory function, where appropriate, when specific developments affect or may affect the institution. This should not prevent the heads of internal control functions from reporting within regular reporting lines as well.
Our Decision Engine and Loan Management Solution would be the key modules to provide you with all the EBA functionalities and reports required. For your real estate portfolio or collaterals, our REO module would be the support.
Middle East & Africa Digital Lending platform market is expected to gain a considerable market growth in the Post-Pandemic Covid-19 years ahead. The Pandemic accelerated existing trends in remote work, e-commerce, and automation in all industries including the banking industry. According to Data Bridge Market Research analyses that the market is growing at a CAGR […]
On October 6th, Tassos Kantzavelos shared his insights at the panel “NPL Technologies | Leveraging Tech Advancements as Value Drivers”. We would like to thank DDC Financial Group for this 7th Edition of the NPL Management Greece 2021. And thanks to all the speakers for the quality of the talks. Among the various subjects discussed, we […]
There needs to be a focus to reduce NPLs since they are always a subject of worry for banks. The consequences of NPLs on lenders’ profitability is twofold: – a net loss on loans not recovered, and – an increase in costs as managing NPLs is extremely time consuming, due to paper-intensive workflow and an […]