Antitrust Antitrust

EU banks could see law changes to encourage sour-loan restructuring, McGuinness suggests

By Jack Schickler
  • 07 May 2021 09:58
  • 07 May 2021 09:58
EU banks could be encouraged to spot souring loans early via changes to Brussels financial law, European Commissioner Mairead McGuiness has suggested in the wake of regulators warning that lenders don’t spot distress early enough.

“We are … looking at whether targeted changes to financial regulation can incentivize a proactive approach” to banks

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