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14 May 2020 Supervision

On April 2nd 2020, the EBA published Guidelines on legislative and non-legislative moratoria on loan repayments applied in the light of the COVID-19 crisis. These Guidelines clarify the requirements for the recognition of private moratoria as general moratoria. Such recognition can prevent that banks need to classify loans falling within the scope of the moratorium as forborne or non-performing exposures due to distressed restructuring.

The Guidelines require institutions to notify their national competent authority. This means that DNB needs to be notified when a Dutch credit institution seeks recognition of its moratorium as a general moratorium. This applies to both ‘less significant institutions’ that are directly supervised by DNB as well as ‘significant institutions’ that are supervised by the ECB.

Credit institutions are requested to use the notification template and to return fully completed templates to DNB via notifications@dnb.nl. In view of the limited application period of the EBA Guidelines, DNB requests credit institutions to send in their notifications as soon as possible. Credit institutions that have already publicly communicated their moratorium are asked to send in their notification no later than 29 May 2020. Credit institutions that are preparing new moratoria are asked to send in their notification no later than 5 working days after the public announcement of a moratorium.

DNB Notification Template Payment Moratoria

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DNB Notification Template Payment Moratoria

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