European Banking Authority EBA in its newsletter of 3 May informed the public on the developments regarding prevention of de-risking:
De-risking Opinion and Report
In January we published an Opinion and a report on the scale and impact of de-risking in the EU. We worked with competent authorities across the EU, and with external stakeholders, to better understand why credit and financial institutions decide to de-risk particular categories of customers instead of managing the risks associated therewith.
Our findings suggest that de-risking, if unwarranted, has a detrimental impact on the achievement of EU’s objectives, in particular in relation to fighting financial crime effectively and promoting financial inclusion, competition and stability in the single market.
We organised an online event on 11 March to mark the publication of our Opinion and report, that attracted more than 200 participants.