ECB Scraps responsibility On Banks To report awful Loans as low as 100 Euros

ECB Scraps Obligation On Banks To Report Bad Loans As Low As 100 Euros

the ecu important bank (ECB) is scrapping plans to force euro region banks to report on its database any bad mortgage really worth as little as a hundred euros ($112) after a backlash from lenders, it said on Friday.

the new threshold might be 25,000 euros, as it is for all other kinds of credit.

The trade follows a consultation with stakeholders about the introduction of the ECB’s euro sector-huge credit database, Anacredit, a venture begun in 2011 and with statistics series because of begin in September 2018, six months later than planned.