Off The Wire
ECB's Nouy says could take case-by-case approach to banks' bad loans
BRUSSELS (Reuters) - The European Central Bank is considering ditching a plan to impose new rules on all euro zone banks under its watch to reduce their bad loans, and instead moving toward a “case-by-case approach”, the head of its supervisory body said on Tuesday.
“We are more going to a case-by-case approach, probably, but with some safety elements,” the ECB supervisor Daniele Nouy told EU lawmakers in Brussels, adding that no decision had yet been taken.
Reporting by Francesco Guarascio