In accordance with the requirements introduced by the Directive (EU) 2021/2167, the European Banking Authority (EBA) is developing Guidelines on the assessment of adequate knowledge and experience of the management or administrative organ of credit servicers by credit servicers and competent authorities, as required by Article 5(2) of Directive (EU) 2021/2167. The Guidelines specify common criteria, taking into account the principle of proportionality, to assess the collective adequate knowledge and experience of the management or administrative organ, on the basis of the individual knowledge and experience of the members of these organs.
The Guidelines will apply to competent authorities and credit servicers independent of their governance structures (unitary structure, two tiers or other structures), without advocating or preferring any specific structure as set out in the defined scope of application.
Next steps
The Guidelines are being publicly consulted for a three-month period. I
…