Implementation of new ECB rules on NPLs may be delayed
Daniele Nouy dismisses criticisms as “myths and misinterpretations”
The implementation of the European Central Bank’s plan to reduce the volume of non-performing loans (NPLs) in European banks and prevent the build-up of more may take longer than previously thought.
“A few additional months are probably needed,” Daniele Nouy, chair of the supervisory board at the ECB, said today (November 30) in a public hearing, part of a consultation on the NPL guidance that will run until December 8. The rules had been expected to come into force on January 1, 2018, but have
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