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EU banks could see law changes to encourage sour-loan restructuring, McGuinness suggests

By Jack Schickler ( May 7, 2021, 14:28 GMT | Insight) -- EU banks could be encouraged to spot souring loans early via "targeted changes" to Brussels financial law, European Commissioner Mairead McGuiness has suggested in the wake of regulators warning that lenders don’t spot distress early enough. She added that she blamed the pullout of NatWest and KBC from Ireland on high capital requirements and slow debt collection in the country. EU banks could be encouraged to spot souring loans early via changes to Brussels financial law, European Commissioner Mairead McGuiness has suggested in the wake of regulators warning that lenders don’t spot distress early enough....

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