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Eurozone banks get more time to adjust to ECB bad-loan provision targets

By John Rega ( March 15, 2018, 17:28 GMT | Insight) -- Eurozone banks have gained a more gradual path to setting aside provisions against future bad loans, with extra time to adjust to new measures under final guidelines issued by the European Central Bank today. To avoid any "cliff-edge effect," the ECB won't begin to factor the provisioning into its supervisory reviews until 2021.Eurozone banks have gained a more gradual path to setting aside provisions against bad loans, with extra time to adjust to new measures under final guidelines issued by the European Central Bank today....

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