EBA and ESM push for public bad loans scheme

Regling, Klaus (EFSF and ESM) for web
By Jean Comte
30 Jan 2017

The chair of the European Banking Authority called on Monday for the establishment of an EU-wide asset management company to deal with non-performing loans, during a seminar held at the European Stability Mechanism's headquarters.

In this scheme, loans would be priced at "real economic value", and the asset management company (AMC) would have three years to sell them on again at real economic value. If that value is not achieved, the banks would take the full market price hit and shareholders in ...

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