ECB most likely to postpone rules on bad loans by a “few …

ECB most likely to postpone rules on bad loans by a “few months” – Nouy

FRANKFURT, Dec 11 (Reuters) – The European Reserve bank is likely to delay the execution of its new rules on non-performing loans by a few months as it needs time to process market feedback, supervisory chief Daniele Nouy informed a Portuguese paper.

“I believe this procedure of analysis will take a month or more,” Nouy told Público. “It is therefore highly likely that execution will be delayed by a couple of months.”

“Nevertheless, I would state that it does not change much whether it happens on say 1 January, 1 April or 1 June,” she said, including that there was no factor for a delay till 2019.

For the text of the interview, click on: https://www.bankingsupervision.europa.eu/press/interviews/date/2017/html/ssm.in171211.en.html (Reporting by Balazs Koranyi; Editing by Hugh Lawson)

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