The European Central Bank’s oversight arm chose Ireland’s head of banking regulation, Sharon Donnery, to lead a charge on tackling soured loans across the euro area.
Donnery, director of credit institutions at the Irish central bank, is leading a working group on resolving loans in partial or full default across euro-region banks, Daniele Nouy, chair of the ECB supervisory board, said yesterday.
An average 12 per cent of loans across 123...
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