EU establishes plan for bad loan roundtable

By Tyler Davies
14 Sep 2020

The European Commission will meet with governments and industry this month to flesh out a plan for how to deal with a build-up of bad loans on bank balance sheets.

Valdis Dombrovskis, executive vice-president at the European Commission, said it was “only a matter of time” before the coronavirus pandemic began to weigh on bank asset quality. 

He told attendees at the Eurofi Financial Forum last week that the Commission planned to work with EU governments, banks ...

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