Sven Giegold

bad loans

Bad loans: EU Commission wants to keep banks on a tight leash, but fails to take a big step forward in insolvency law

The EU Commission today presented a package of measures to reduce non-performing loans. Specifically, the Commission proposes a binding minimum limit on provisions for bad loans for all European banks. This complements the European Central Bank’s initiative, planning similar requirements for the 118 largest banks under its direct supervision. The Commission also intends to oblige […]