Abstract
Article 178 of the Regulation (EU) No 575/2013 (“CRR”) specifies the default of an obligor. The EBA published in this context guidelines, which institutions should incorporate in their internal procedures and IT systems. The problem for the institutions is that similar regulations for the regulatory reporting exist. The following article points out the similarities and differences between „default“ and „non-performing“ and includes a short introduction to the topic „forbearance“.
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