ECB issues final guidance on NPLs

ecb-frankfurt-3
The European Central Bank

The supervisory arm of the European Central Bank (ECB) issued its final guidance to eurozone banks on dealing with non-performing loans (NPLs) today (March 20). The guidance will “now form part of the day-to-day supervisory dialogue with individual banks”, the ECB’s Single Supervisory Mechanism (SSM) announced. The final document appeared to show no significant changes from the draft documents issued as part of a consultation exercise last year, one observer said. It concentrated more on set