The implementation of the European Central Bank’s plan to reduce the volume of non-performing loans (NPLs) in European banks and prevent the build-up of more may take longer than previously thought.
“A few additional months are probably needed,” Daniele Nouy, chair of the supervisory board at the ECB, said today (November 30) in a public hearing, part of a consultation on the NPL guidance that will run until December 8. The rules had been expected to come into force on January 1, 2018, but have
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