The ASF has today released an update to its market guideline on the treatment of COVID-19 hardship.
The Guideline is intended to clarify the treatment and reporting of loans and accounts that have been classified as COVID-19 support cases and funded through securitisation transactions or facilities.
On 19 July 2021 APRA updated its guidance
to regulated banks and other lenders in relation to their treatment of loans where such lenders have offered COVID-19 support options to small business and home loan borrowers/obligors with an option to defer or be granted a waiver of their repayments or interest for a period.
The securitisation industry supports an approach equivalent to that which APRA has confirmed for regulated ADIs.
Download ASF Guideline >