The EBA calls for flexibility and pragmatism in the application of the prudential framework and clarifies that, in case of debt moratoria, there is no automatic classification in default, forborne, or IFRS9 status.
The European Central Bank has authorised LHV Pank AS to issue bonds at the proposal of Finantsinspektsioon. This allows LHV to start issuing bonds, but at the same time it must hold sufficient loans and liquid assets in its covered bond portfolio.
Finantsinspektsioon is taking gradual and carefully considered preventative steps to avoid members of staff falling ill. Given the current circumstances, the everyday work and operations of Finantsinspektsioon are being reorganised.