Thursday February 20, 2020

Ireland offers template for European debt restructuring: ECB's Nouy

“I’m surprised by what [Ireland] has achieved," she said

23rd March, 2016
Daniele Nouy (pictured) and Sabine Lautenschlaeger lead the ECBs supervisory board Pic:

Euro-area bank supervisors are looking at countries like Ireland with a history of tackling soured loans for hints on how to work out the €1.2 trillion-euro bad debt pile that’s plaguing banks across the currency bloc.

Non-performing loans remain a top priority for the European Central Bank, Daniele Nouy and Sabine Lautenschlaeger, who lead the ECB’s supervisory board, told journalists in Frankfurt today. As there’s no silver bullet, supervisors are settling in for...

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