235. As part of their ongoing engagement with credit institutions under the SREP, competent …

As part of their ongoing engagement with credit institutions under the SREP, competent authorities should monitor the application of these guidelines by the credit institutions, in particular the development and implementation of NPE strategies and related governance and operational frameworks as described in sections 4 and 5. Competent authorities’ assessments should include, but not be limited to, whether the credit institution’s NPE strategy:

• a) is embedded into the credit institution’s overall strategy and is subject to appropriate NPE governance, including a risk management and control framework;
• b) relies on a credible self-assessment of the credit institution’s internal capabilities;
• c) adequately takes into account the credit institution’s operating environment, external conditions and capital situation;
• d) covers not only a short-term time horizon but also a medium- and/or long-term time horizon;
• e) includes time-bound, realistic yet ambitious quantitative NPE targets and foreclosed assets targets where appropriate and is supported by an operational plan.

1. Forbhreathnú

1.1 Tagairtí

1.2 Ceanglais aitheanta

1.3 Caighdeáin ghaolmhara

2. Ceanglais aitheanta

3. Caighdeáin ghaolmhara

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