Guidelines on the application of the definition of default

  • Status: Final and translated into the EU official languages

These Guidelines harmonise the definition of default across the EU prudential framework and improve consistency in the way EU banks apply regulatory requirements to their capital positions. A detailed clarification of the definition of default and its application is provided in these Guidelines, which cover key aspects, such as the days past due criterion for default identification, indications of unlikeliness to pay, conditions for the return to non-defaulted status, treatment of the definition of default in external data, application of the default definition in a banking group and specific aspects related with retail exposures.

Summary of document history

Previous versions Current version Ongoing versions

Consultation on Guidelines on the application of the definition of default

  • Status: Closed
  • Deadline: 22 JANUARY 2016
Documents
BSG response to Consultation Paper (EBA-CP-2015-15) - 22 January 2016

(367.05 KB - PDF) Last update 26 January 2016

Consultation paper

(540.99 KB - PDF) Last update 22 September 2015

Responses

The form is now closed.

Public hearings

Public Hearing on a Consultation Paper on Guidelines on the definition of default

Presentation

(1.88 MB - PDF) Last update 13 November 2015

Press contacts

Franca Rosa Congiu