From the Abstract: "This paper examines regulatory measures and supervisory practices that have supported public guarantee schemes and moratoria in euro-area countries. The focus is on flexibility shown with regard to default classifications, accounting practices and the treatment of non-performing loans. The paper identifies a number of undesirable effects and examines how soon such policies can be normalised. This document was provided by the Economic Governance Support Unit at the request of the ECON Committee [European Parliament Committee on Economic and Monetary Affairs]."
European Parliament, PE 659.636
2021 European Union. Posted here with permission. Documents are for personal use only and not for commercial profit.
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