EBF, ESBG, EACB and EAPB concerns on the EBA Guidelines on Loan Origination and Monitoring

The European Banking Federation, European Savings and Retail Banking Group, European Association of Cooperative Banks and European Association of Public Banks have followed with interest the EBA work on its Guidelines on Loan Origination and Monitoring.

The banks within our memberships consider consumer protection as a priority and traditionally pursue a responsible lending policy but note that the far-reaching impact of the guidelines poses questions on the feasibility of many requirements especially in the context of the ongoing COVID-19 pandemic, which brings unprecedented challenges to the economy and the financial sector.