On Monday 20 March, European Central Bank (ECB) published the final version of its guidelines on the treatment of non-performing bank loans (NPL) held by Eurozone banks in their loan portfolios.
The ECB, which does not set any quantitative targets, but presents possible measures and best practices, calls on the banks to adopt holistic strategies that may comprise a raft of policy options such as NPL work-out, servicing or portfolio sales.
These guidelines will now become part of the ECB's...