ECONOMY - FINANCE - BUSINESS / Banks

Council of the EU reaches its position on minimum coverage of losses inherent to future stock of non-performing loans

Brussels, 31/10/2018 (Agence Europe)

On Wednesday 31 October, the ambassadors of the member states to the EU (Coreper) reached a political agreement in principle on the proposed regulation to introduce common minimum loss coverage thresholds for bank loans that become non-performing (non-performing exposures or NPE) following the entry into force of the future rules (see EUROPE 11981).

Readers may recall that last week, a qualified-majority agreement of the member states was noted on the basis of a compromise proposal by the...