Accountancy Europe responded to EC’s consultation on statutory prudential backstops addressing insufficient provisioning for newly originated loans that turn non-performing.
Accountancy Europe sees a lot of value in any initiative aiming at reducing NPLs from banks’ statements and it intends to support the Commission and the EU institutions in their efforts on this. Nevertheless, in order to ensure that this aim is well served we also need to ensure the integrity of the accounting rules and that technical specificities are taken into account.
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