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The EBA acknowledges notification from the Croatian National Bank and the State Agency for Deposit Insurance and Bank Resolution with respect to its decision on the resolution of Jadranska banka d.d. Šibenik.

The European Banking Authority (EBA) published today a Consultation Paper on its proposed benchmark rate under the Mortgage Credit Directive (MCD), which requires creditors to create two illustrative examples in the European Standardised Information Sheet (ESIS) for variable rate mortgages on the basis of a benchmark rate specified by the EBA. To that end, the EBA has developed a formula to calculate the rate and would now like to hear the views from consumer and industry stakeholders on the approach it is proposing. The consultation runs until 20 November 2015.

The EBA acknowledges notification from the Finansiel Stabilitet with respect to its decision on the resolution of Andelskassen J.A.K. Slagelse.

In response to requests received from representatives of the industry, the EBA has decided to extend the period for expressing views and comments on the templates and instructions of the Qualitative Impact Assessment (QIS) on the definition of default. Concerned parties can send their comments to EBA-DoD@eba.europa.eu by Monday 19 October 2015.