Editorial

Should the proposal of the Bank of Greece not be selected by the authorities, an alternative way of addressing the problem of DTCs will need to be found that is compatible with the applicable capital requirement legislation.

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.

Banks have to prepare for a possible cliff effect when debt payment moratoria expire, according to 8h Enhanced surveillance report for the Greek economy.

European Commission cleared the  EUR655m Gefyra (bridge) mortgage subsidy scheme. But is this program sufficient to avert the wave of…

EU officials, however, rebuff the idea refusing to relax state-aid rules, which preclude the set-up of bad-banks, unless in formal resolution processes where losses have been imposed on shareholders, bondholders.

Topics which were disused during the  round table last Friday included a possible approach to improve the usability of national Asset Management Companies (AMC), the state of play of the Commission’s proposal for a Directive on credit servicers and credit purchasers,  initiatives to improve data standardization and data infrastructure on secondary markets for NPLs, and a presentation of the Commission’s recent proposal on the securitization of non-performing exposures (NPEs).