ESRB publishes foreign currency lending recommendations

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The European Systemic Risk Board (ESRB) on Tuesday published a set of recommendations on lending in currencies other than the legal tender of the relevant country. The measures were addressed to member states of the European Union (EU), national supervisory authorities and the European Banking Authority.

"These recommendations reflect financial stability concerns arising from foreign currency lending to the non-financial private sector," says the ESRB. "This phenomenon is currently present in EU

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