Addendum to the ECB Guidance to banks on nonperforming loans

8 December 2017

The ECB has published an addendum to its guidance on nonperforming loans in October which describes the quantiative expectations of the ECB concerning new NPLs. In its comment letter the GBIC criticises that introducing a prudential provisioning backstop for NPLs goes beyond the requirements and audit processes of the accounting framework and is superfluous.

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