Targets key tool in reducing NPL levels, Irish deputy governor says
Banks can be unwilling to start sustainable NPL restructuring, Donnery says
The deputy governor of Ireland's central bank has given details of how the institution dealt with the country's non-performing loans (NPLs), saying targets were one key tool in improving banks' resolution performance.
NPL resolution is "similar to endurance running", Sharon Donnery told an audience in Washington on October 6. While both need clear goals, correct strategy and effective preparation, these are "not sufficient for success". That takes "continued resolve over an extended period of
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