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Official says new ECB rules on bad loans can be improved

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Published Thu, Nov 9, 2017 · 09:50 PM

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Frankfurt

THE European Central Bank is prepared to delay and improve its new, stricter rules on bad bank loans after fierce criticism from the European Parliament and Italy, the ECB's top supervisor said on Thursday.

Daniele Nouy defended the proposed new guidelines, which force banks to set aside more money for loans that sour, but said they would be "improved" by taking feedback into account.

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