SSM Archives - NPL Confidential

These are the new capital relief measures by the Commission

29 April 2020 Editors

The Commission estimates that such measures will ceteris paribus enhance EU banks’ collective lending capacity by no less than EUR450bn, on top of EUR500bn from already announced regulatory measures.

A. Enria : SSM will use Maximum Flexibility in Evaluating the Implementation of the ongoing plans to reduce NPLs

30 March 2020 Christos Ziotis

SSM : – will use maximum flexibility in evaluating the implementation of the ongoing plans to reduce past non-performing loans.
– Have eased capital and liquidity constraints.

ECB’s SSM consent to give banks more flexibility in NPE classification

23 March 2020 Christos Ziotis

Single Supervisory Mechanism, provided y banks with more flexibility on the classification of non-performing loans *** Capital relief amounts to €120 billion *** The ECB supports all initiatives aimed at providing sustainable solutions to temporarily distressed debtors***ECB understands that current NPEs targets are unrealistic.