+Definitions
---+15. Unless otherwise specified, terms used and defined in Directive 2013/36/EU, Regulation (EU) …

Definitions

Definitions

1. Overview

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15. Unless otherwise specified, terms used and defined in Directive 2013/36/EU, Regulation (EU) …

Unless otherwise specified, terms used and defined in Directive 2013/36/EU, Regulation (EU) 575/2013 and IFRS 9 have the same meaning in the guidelines. In addition, for the purposes of these guidelines, the following definitions apply:

AllowancesMeans the stock of lending exposure loan loss provisions that has been recognised in the balance sheet of the credit institution, in accordance with the applicable accounting framework. Means loans, loan commitments and financial
Lending exposuresguarantee contracts to which an ECL framework applies20 . Means adjustments to an allowance used to account for circumstances when it becomes
Temporary adjustments to an allowanceevident that existing or expected risk factors have not been considered in the credit risk rating and modelling process as of the reporting date.

20 The scope of the EBA guidelines may be different than the scope of the impairment requirements under the applicable accounting framework. For example, the scope of the EBA guidelines is narrower than the scope under IFRS 9.

1.1 References

1.2 Identified Requirements

1.3 Related Standards

2. Identified Requirements

Requirements

3. Related Standards

Standards
  • EBA - Published by the European Banking Authority at https://www.eba.europa.eu/