On 25 April 2019, there was published in the Official Journal of the EU (OJ) Regulation (EE) 2019/630 of the European Parliament and of the Council of 17 April 2019 amending Regulation (EU) No 575/2013 as regards minimum loss coverage for non-performing exposures. The rules contained in the Regulation set capital requirements applying to banks with non-performing loans on their balance sheets. To facilitate a smooth transition towards the new prudential backstop, the new rules should not be applied to exposures originated before 26 April 2019.

The Regulation entered into force on 26 April 2019 (that is, the day following its publication in the OJ).