ECB issues final guidance on NPLs

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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

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