ECB Ramps Up Effort to Shrink Banks’ Mountain of Bad Loans

  • ECB is late to the game, guidelines aren’t a fix, MEP says
  • Guidance is non-binding, collateral valued at market prices

The European Central Bank ramped up efforts to tackle the mountain of soured loans that weighs on many euro-area banks, seeking to repair damage caused by years of lax supervision and feeble economic growth.

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