EU plans insolvency early warning alerts to cut banks' bad loans



An external early warning system for companies at risk of insolvency is central to a European Commission's draft proposal to cut the region's bankruptcy problem and help banks recoup bad loans.
Non-performing loans (NPLs) on the euro zone's main lenders' balance sheets neared 1 trillion euros (£0.86 trillion) last year, about 9 percent of the bloc's gross domestic product, hitting banks' ability to make money on corporate lending.
EU data shows corporate insolvencies spiked after the 2007-08 financial crisis and are still much higher than before, with half of new firms not surviving their... read more

 
5 October 2016 in Business, Views: 41
Source: Reuters
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