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24 april 2020 ToezichtNieuwsbericht toezicht

Recently the ECB wrote to all significant institutions providing them with further guidance on and references to the use of forecasts to avoid excessively procyclical assumptions in their expected credit loss (ECL) estimations during the COVID-19 pandemic. DNB hereby extends the guidance provided to all Dutch less significant institutions which make use of IFRS 9 and urges them to consider the guidance provided.