On Wednesday 14 March, the European Commission presented a raft of ambitious measures to reduce the existing stock of non-performing loans (NPL) and prevent them building up in the European banking sector in the future.
“With today’s package, we have provided more risk reduction measures than the Council initially set out in its 2016 roadmap on completing Banking Union”, European Commissioner Valdis Dombrovskis told a press conference. He has high hopes that this package will form...