Nouy warns eurozone banks to prepare for NPL framework changes
Possible changes to ECB and Commission rules make balance sheet clean-up “crucial”
Eurozone banks must be ready for changes to the way they make provisions for non-performing loans (NPLs), Danièle Nouy said today (January 24).
“Cleaning up balance sheets is crucial,” the chair of the European Central Bank’s supervisory board told an audience in Frankfurt. The ECB has reviewed an addendum to its guidance on dealing with NPLs following a recent public consultation, Nouy said.
“The addendum will be finalised in the first quarter of this year,” she said, and banks should “get
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