195. In order to mitigate any conflict of interest sufficiently, credit institutions should ensure …

In order to mitigate any conflict of interest sufficiently, credit institutions should ensure that all internal and external appraisers who are going to carry out the actual appraisal of a given property and their first-degree relatives meet the following requirements:

• a) They are not involved in the loan processing, loan decision or credit underwriting process.
• b) They are not guided or influenced by the borrower’s creditworthiness.
• c) They do not have an actual or potential, current or prospective conflict of interest regarding the result of the valuation.
• d) They do not have an interest in the property.
• e) They are not a connected person to either the buyer or the seller of the property.
• f) They provide an impartial, clear, transparent and objective valuation report.
• g) The fee they receive is not linked to the result of the valuation.

1. Overview

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

3. Related Standards

• EBA -

  EN: Guidelines and other publications of the European Banking Authority (EBA), https://www.eba.europa.eu/. © European Banking Authority. Reproduction is authorised provided the source is acknowledged (EBA legal notice). Divided into sections and converted into the GRCA format, the wording unchanged. Only the versions published by the EBA are authoritative.

  DE: Leitlinien und weitere Veröffentlichungen der Europäischen Bankenaufsichtsbehörde (EBA), https://www.eba.europa.eu/. © European Banking Authority. Wiedergabe mit Quellenangabe gestattet (Rechtlicher Hinweis der EBA). In Abschnitte aufgeteilt und in das GRCA-Format umgewandelt, der Wortlaut unverändert. Maßgeblich sind allein die von der EBA veröffentlichten Fassungen.