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EBA publishes peer review report on the definition of default finds

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Published on: 22 July 2024

Published by LNB News

LNB News 22/07/2024

Document Information

Issue Date: 22 July 2024

Published Date: 22 July 2024

Jurisdiction(s): Eire and European Union

Article summary

The European Banking Authority (EBA) has published a peer review on its guidelines on the application of the definition of default. It finds that the effectiveness of supervision in this area is good, in particular as regards the monitoring of internal ratings-based approach (IRBA) credit institutions. Supervision of the definition of default of credit institutions using the standardised approach (SA) is also good but more varied, reflecting the more dispersed nature of credit institutions and the relative predominance of IRBA credit institutions in terms of size and assets in different jurisdictions.

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