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EU Unveils Plans to Help Banks Clean Up Soured Covid-19 Loans

Le Dec 16, 2020
@WSJ a partagé
Europe has a plan to help its creaky banks navigate the Covid-19 downturn and be strong enough to lend during the recovery https://t.co/b3FsVqX885
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The European Union unveiled plans to assist countries in setting up a network of national “bad banks” to help cope with a possible avalanche of defaulted loans triggered by the pandemic.

www.wsj.com
Le Dec 16, 2020
@WSJ a partagé
Europe has a plan to help its creaky banks navigate the Covid-19 downturn and be strong enough to lend during the recovery https://t.co/b3FsVqX885
Open

EU Unveils Plans to Help Banks Clean Up Soured Covid-19 Loans

EU Unveils Plans to Help Banks Clean Up Soured Covid-19 Loans

The European Union unveiled plans to assist countries in setting up a network of national “bad banks” to help cope with a possible avalanche of defaulted loans triggered by the pandemic.

EU to help banks to jettison loans soured by COVID

EU to help banks to jettison loans soured by COVID

The European Union set out plans on Wednesday to help banks to jettison soured loans more easily and continue lending to households and business hit by the COVID-19 pandemic.

EU Mulls Ways To Speed Up Adoption Of TIPS

EU Mulls Ways To Speed Up Adoption Of TIPS

SWIFT News: The European Commission wants more banks to adopt its instant payments system, TARGET Instant Payment Settlement (TIPS), to transfer euros.

European Commission warns eight countries over late AML laws

European Commission warns eight countries over late AML laws

Countries include Cyprus, the Netherlands, Portugal, and Spain.

EU rules set to bar dividend payouts by bailed out firms - sources

EU rules set to bar dividend payouts by bailed out firms - sources

EU rules set to bar dividend payouts by bailed out firms - sources

Amsterdam-based sustainable crowdfunding platform OnePlanetcrowd secures €1M to support social entrepreneurship

Amsterdam-based sustainable crowdfunding platform OnePlanetcrowd secures €1M to support social entrepreneurship

European technology news from the startup ecosystem. Founder and publisher: Remco Janssen. Follow us on Twitter: @siliconcanals.

EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

EU Creating a Regulatory Regime for Cryptocurrencies, Says Economic Chief

The European Union is planning new cryptocurrency regulation that could include stricter requirements for global stablecoin projects, such as Libra.

Swiss share trading venues to receive extended equivalent recognition

Swiss share trading venues to receive extended equivalent recognition

The European Commission has proposed a six month extension to its decision to recognise Swiss share trading venues as eligible to trade within the EU.

Investment Plan for Europe: EIB Group and BBVA will provide EUR 360 million to finance SMEs and midcaps investments projects

Investment Plan for Europe: EIB Group and BBVA will provide EUR 360 million to finance SMEs and midcaps investments projects

The European Investment Bank Group, formed by the European Investment Bank (EIB) and European Investment Fund (EIF), have granted BBVA a EUR 60 million synthetic guarantee that will be used ...

Regulating Demand

Regulating Demand

In the global real-time payments market, TIPs is a solution rolling out in the EU. Here’s a definition of this

Commission proposes a public loan facility to support green investments together with the EIB

Commission proposes a public loan facility to support green investments together with the EIB

Today, the European Commission presents its proposal for a public sector loan facility under the Just Transition Mechanism. The facility will be implemented with the involvement of the EIB ...

The EU is still divided over coronavirus relief. That could tear it apart

The EU is still divided over coronavirus relief. That could tear it apart

A fight over how to fund the European Union's recovery from the coronavirus pandemic is stoking tensions between wealthier and poorer countries, threatening to delay the region's economic ...

EU to Launch Comprehensive Crypto Regulation by 2024: Report

EU to Launch Comprehensive Crypto Regulation by 2024: Report

The European Union is planning to implement comprehensive cryptocurrency regulation by 2024, two EU reports have reportedly revealed. This follows five European finance ministers calling on ...