EBA publishes Guidelines on treatment of public and private moratoria in light of COVID-19 measures.

BANKING AND FINANCE LAW

EBA publishes Guidelines on treatment of public and private moratoria in light of COVID-19 measures.

Following the publication of its statement on the application of the prudential framework regarding default, forbearance and IFRS9 in light of COVID-19 measures, the European Banking Authority (EBA) published on 2 April 2020 more detailed guidance on the criteria to be fulfilled by legislative and non-legislative moratoria applied before 30 June 2020.