Sector Regulation Sector Regulation

EU banks to get EUR450 billion lending boost from draft accounting law change

By Jack Schickler
  • 28 Apr 2020 06:45
  • 28 Apr 2020 08:48
EU banks’ capital requirements should be fully compensated for the impact of accounting changes on sour loans, boosting lending to the real economy by up to 450 billion euros ($490 billion), the European Commission proposed today as part of its response to the coronavirus pandemic. 

Banks would be able to offset losses that

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