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ECB flags possible delay of stricter rules on bad loans

Reuters  |  FRANKFURT 

By Francesco Canepa and Balazs KoranyiFRANKFURT (Reuters) - The European Central Bank is prepared to delay the introduction of stricter rules on bad bank loans after fierce criticism from the European Parliament and Italy, the ECB's top supervisor said on Thursday.Daniele Nouy defended the proposed new guidelines, which force banks to set aside more money for loans that sour, but said the ECB could push back their introduction from Jan. 1 if it could examine all the feedback it received.The guidelines, under consultation until Dec. 8, have drawn fire from Parliament, raising the risk of an ...

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First Published: Thu, November 09 2017. 15:12 IST
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