EBA · 2024_7057 Rejected question

Collateral Valuation

Regulation
Directive 2013/36/EU (CRD)
Article
74
Topic
Credit risk
Submitted by
Individual
Submitted
2024-04-14
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Question

My question is in respect to the need for independence of valuers. Should a Bank' procedure allow customers to propose valuers subject to acceptance of the Bank and fulfilment of the independence criteria mentioned in the guidelines, would the Bank be considered as fulfilling the need for independence of valuer?

Background

The guidelines do not indicate whether a valuer proposed by the customer and assessed for eligibility to carry out the valuation according to the guidelines by the credit institution is acceptable practice.
No answer published yet.

Original source: European Banking Authority, Q&A ID 2024_7057

This Q&A is published by European Banking Authority and is non-binding. It does not constitute legal advice. Updated weekly from official ESA sources.

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