Addressing Euro Finance Week in Frankfurt on Tuesday 14 November, Sabine Lautenschläger, the vice-chair of the supervisory board of the European Central Bank (ECB), took pains to reassure the financial industry over the draft addendum to the ECB's guidelines on the provisioning of non-performing loans (NPL).
Readers may recall that this addendum sets out provisioning requirements to apply only to loans newly classified as non-performing with effect from 1 January 2018 (see EUROPE 11876). It...