The European Commission's proposal to accelerate the reduction of non-performing loans
This week the EC presented concrete steps to tackle non-performing loans, see this page.
Ouch One and Ouch Two
Two reasons why this is an interesting proposal. First, it forces banks to deduct any provisioning shortfalls directly from Common Equity Tier 1. Ouch! Second, the proposal amends the CRR, which is a Regulation. And we know that Regulations are …
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