EBA: Guidelines on loan origination and monitoring

EBA has published guidelines on loan origination and monitoring for firms. These come into force on 30 June 2021. The following transitional arrangements apply: the application of the guidelines to already existing loans and advances that require renegotiation or contractual changes with borrowers will apply from 30 June 2022; institutions will be permitted to address possible data gaps and adjust their monitoring frameworks and infrastructure up until 30 June 2024.