NPL action package has teeth — but not yet

The European Central Bank (ECB) and the European Commission (EC) delivered a double whammy of non-performing loan (NPL) action this week, laying out how to amend bank capital rules to better deal with the problem and explaining how supervisors would treat loans going bad in future. Passing a credible package to deal with NPLs is a crucial step in getting northern member states comfortable with a full Banking Union.

  • By Jean Comte, Nell Mackenzie
  • 15 Mar 2018
The last big piece of Banking Union is a ‘European Deposit Insurance Scheme’ (EDIS), which has been under discussions for more than two years. Progress has been almost non-existent in this period, thanks to the fears from northern European countries that the scheme might require them to directly ...

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