ECB to set targets for banks dragging feet on bad loans - Nouy
Reuters
Published Oct 18, 2017 13:10
Updated Oct 18, 2017 13:20
ECB to set targets for banks dragging feet on bad loans - Nouy
FRANKFURT (Reuters) - The European Central Bank will give "additional quantitative guidance" to banks that are failing to cut their pile of bad loans fast enough, the ECB's chief bank supervisor said on Wednesday.
"Our supervisory teams have engaged with banks carrying too high levels of NPE (non-performing exposure) to review and challenge the banks own plans and ensure that they address the issue in a both ambitious and realistic fashion," she said in a speech in Basel.
"For those banks that are lagging behind, we intend to come up with additional quantitative guidance."
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Written By: Reuters
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