‘Unambitious’ European NPL package falls flat

By Owen Sanderson
17 Dec 2020

The European Commission’s plans to tackle the mountain of non-performing loans that are expected next year as government support schemes roll off have been criticised as unambitious. They have been dismissed as containing little beyond a review of proposals that have already been unveiled.

Michael Lever, managing director in the prudential division of the Association for Financial Markets in Europe, a lobby group, described the package as “an unambitious review of its 2017 proposals. It doesn’t take into consideration that today we are facing a NPL crisis caused by an exceptional economic ...

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