The European Banking Authority (EBA) has published a Consultation Paper on draft guidelines on the treatment of mortgage borrowers in arrears under the Mortgage Credit Directive (MCD). The EBA expects to publish the final guidelines in Q2 2015 with the guidelines applying from the transposition date of the MCD on 21 March 2016.

The deadline for comments on the Consultation Paper is 12 February 2015.

View EBA consults draft guidelines on arrears and foreclosure, 12 December 2014