Swiss Economicblogs.org
Greater visibility on the ECB’s plans for dealing with the overhang of non-performing loans would help banks and the euro area recovery.The ECB has become under renewed pressure over its recent guidance on non-performing loans (NPL) and its plan to force banks to increase provisions against bad loans. The backlash, including at this week’s European parliament hearing of Danièle Nouy, Chair of the Supervisory Board, was fuelled by various gripes, including whether the ECB has gone beyond its...
Read More »ECB, in search of a comprehensive strategy to tackle bad loans
