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...