euro notes

NPL relief

Category: NPLs ABS

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ECB extends provisioning calendar

The ECB is set to align its supervisory expectations regarding the provisioning of new non-performing loans with an April 2019 amendment to the CRR that outlines Pillar 1 requirements for the assets. The alignment offers banks more time to provision for recently classified NPLs, but is expected to have a minimal impact on NPL securitisations, given that the bulk of such deals are backed by seasoned portfolios.

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