Question ID
2024_7057
Legal act
Directive 2013/36/EU (CRD)
Topic
Credit risk
Article
74
COM Delegated or Implementing Acts/RTS/ITS/GLs/Recommendations
EBA/GL/2020/06 - Guidelines on loan origination and monitoring
Article/Paragraph
231
Type of submitter
Individual
Subject matter
Collateral Valuation
Question

My question is in respect to the need for independence of valuers. Should a Bank' procedure allow customers to propose valuers subject to acceptance of the Bank and fulfilment of the independence criteria mentioned in the guidelines, would the Bank be considered as fulfilling the need for independence of valuer?

Background on the question

The guidelines do not indicate whether a valuer proposed by the customer and assessed for eligibility to carry out the valuation according to the guidelines by the credit institution is acceptable practice.

Submission date
Rejected publishing date
Rationale for rejection

This question has been rejected because the issue it deals with is explained in paragraph 211 of the Guidelines on loan origination and monitoring (EBA/GL/2020/06).

For further information on the purpose of this tool and on how to submit questions, please see 'Additional background and guidance for asking questions'.

Status
Rejected question