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Further details have emerged about the EBA's proposed state-funded, pan-EU asset management company (AMC) (SCI 3 February). The initiative is expected to attract more investors to the European NPL market and by extension free up bank capital and spur more lending.
"The reduction of NPL ratios is a positive sign, but it is too slow," says Mario Quagliariello, head of risk analysis at the EBA.
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