Follow Us

Follow us on Twitter  Follow us on LinkedIn
 

03 September 2020

CEPS: Responsible lending in times of crisis


Do EBA guidelines strike the right balance between economic growth, financial stability and consumer protection? Is the guidance on the creditworthiness assessment fit for purpose? What is the likely impact on both lenders and borrowers? What more is required to promote responsible lending?

The European Banking Authority (EBA) published the final guidelines on loan origination and monitoring in May 2020. These guidelines aim to improve the lending standards and asset quality of lenders after June 2021, and bring together the prudential standards for lenders, borrower protection, anti-money laundering and sustainability.

These new guidelines were discussed during the CEPS-ECRI webinar by stakeholders involved in their preparation and affected by them. To what extent do they strike the right balance between economic growth, financial stability and consumer protection? Is the guidance on the creditworthiness assessment fit for purpose? What is the likely impact on both lenders and borrowers? What more is required to promote responsible lending?

The full text of this ECRI Meeting Report is available here.

CEPS



© CEPS - Centre for European Policy Studies


< Next Previous >
Key
 Hover over the blue highlighted text to view the acronym meaning
Hover over these icons for more information



Add new comment