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In this issue:

  • EBA issues guidelines on credit risk mitigation for institutions applying the IRB approach with own estimates of LGDs
  • New action plan by the EU Commission for a comprehensive Union policy on AML-CFT
  • ECB's asset-backed securities programme deemed unconstitutional by German Constitutional Court
  • New legal notice on the European Passport Rights for Financial Institutions Regulations, 2020

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.