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.
The Belgian niche bank CKV has selected AroTRON Debt Management platform to manage their loans portfolio and automate their debt collection, recovery and restructuring processes, in order to make its application landscape complete and future proof. The Company CKV is an unlisted, independent, stable, Belgian niche bank that has been active throughout Belgium since 1956 […]
Have you heard about the NPL tsunami? Different players in the NPL market have expressed their worries about rapidly worsening bank asset quality and an ensuing ‘NPL tsunami’ from the COVID pandemic. Those challenges have not materialised so far and one reason for keeping them on hold is clearly the policy mix that governments have […]
On 24 November 2021, the European Parliament approved the final version of Directive 2021/2167 which addresses high levels of non-performing loans held by banks in the European Union (the NPL Directive). The Directive has been under discussion since 2018. The accelerated legislative process to approve the Directive last November could have been triggered by the […]