Live Breaking News & Updates on கிரேக்கம் ஹெர்குலஸ்

Stay updated with breaking news from கிரேக்கம் ஹெர்குலஸ். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.

Mairead McGuinness denies bad loan plan is invitation to vulture funds


“We do not want to push any bank on to the secondary market if it can and is willing to engage directly with borrowers on solutions for distressed loans,” said EU financial services chief Mairead McGuinness during a press conference in Brussels on Wednesday. “Where restructuring is possible I would urge lenders and borrowers to talk early and find that solution.”
In the action plan published on Wednesday, Commission Mairead McGuinness said voluntary national “asset management companies” (AMCs) could help to ease pressure on banks’ balance sheets as Covid continues to bite.
NPLs are loans that have been in arrears for 90 days or more. Since the financial crisis hit, the Irish government has encouraged banks to deal with distressed mortgages case by case, rather than imposing hard and fast rules on banks. ....

Mairead Mcguinness , European Commission , Commission Mairead Mcguinness , Greek Hercules , Irish Independent , ம்ர மகிந்நெஸ் , ஐரோப்பிய தரகு , தரகு ம்ர மகிந்நெஸ் , கிரேக்கம் ஹெர்குலஸ் , ஐரிஷ் சுயாதீனமான ,