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ECB likely to delay rules on bad loans by a "few months" - Nouy

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ECB likely to delay rules on bad loans by a "few months" - Nouy

ECB likely to delay rules on bad loans by a "few months" - Nouy
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FRANKFURT (Reuters) - The European Central Bank is likely to delay the implementation of its new rules on non-performing loans by a few months as it needs time to process industry feedback, supervisory chief Daniele Nouy told a Portuguese newspaper.

"I think this process of analysis will take a month or two," Nouy told Público. "It is therefore very likely that implementation will be postponed by a few months."

"However, I would say that it doesn't change much whether it happens on say 1 January, 1 April or 1 June," she said, adding that there was no reason for a delay until 2019.

For the text of the interview, click on: https://www.bankingsupervision.europa.eu/press/interviews/date/2017/html/ssm.in171211.en.html

(Reporting by Balazs Koranyi; Editing by Hugh Lawson)

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