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EBA-GL-2015-19 GL on passport notifications under MCD.pdf
EBA-GL-2015-19 GL on passport notifications under MCD
EBA-CP-2015-16 CP on the EBA benchmark rate.pdf
EBA-CP-2015-16 CP on the EBA benchmark rate under MCD
EBA consults on its benchmark rate under the Mortgage Credit Directive
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.