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Clifford Chance

Clifford Chance


New EU rules on non-performing loans: EBA consults on disclosure templates

9 June 2022

The European Banking Authority (EBA) is consulting on the new disclosure templates to be used by EU banks selling non-performing loans (NPLs).

The EBA's proposals under the recent EU directive on credit servicers and credit purchasers will impose onerous disclosure obligations on EU banks selling NPLs and EU banks may need to make significant changes to their systems to comply with the new requirements. EU banks that cannot provide the required information to buyers may not be able to sell their NPLs and providing inaccurate information may expose banks to fines and damages claims from buyers.

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