The ECB has launched a consultation of the stakeholders, to run until mid-February, on the guidelines for banks in defining the treatment of non-performing bank loans.
These guidelines, which will not be legally binding, provide for European banks to draft a clear strategy to reduce non-performing loans through setting specific, quantified targets for each one-year and three-year portfolio. They "provide short-term and long-term options on viable forbearance solutions with the aim of...