Reducing Risk in the Banking Union

Commission presents measures to accelerate the reduction of non-performing loans in the banking sector

The Commission proposed today an ambitious and comprehensive package of measures to tackle non-performing loans in Europe, capitalising on the significant progress already made in reducing risks in the banking sector.

With today’s far-reaching measures, the Commission is delivering on the Council’s Action Plan to address the high stock of non-performing loans and prevent their possible future accumulation. It builds on ongoing efforts by Member States, supervisors, credit institutions and the EU which led to stocks of non-performing loans declining in recent years across banks and EU countries.

Despite good progress, however, more needs to be done to address remaining stocks of non-performing loans and their possible build-up in the future. Today’s measures aim to put the EU banking sector on an even sounder footing for future generations, with rock-solid banks that perform their indispensable role in financing the economy and supporting growth. The package complements work on the Capital Markets Union and is an essential step towards the completion of the Banking Union, one of the immediate priorities agreed by EU leaders to strengthen Europe’s Economic and Monetary Union.

This package sets out a comprehensive approach with a mix of complementary policy actions that target four key areas:

  • Ensuring that banks set aside funds to cover the risks associated with loans issued in the future that may become non-performing.
  • Encouraging the development of secondary markets where banks can sell their non-performing loans to credit servicers and investors.
  • Facilitating debt recovery, as a complement to the insolvency and business restructuring proposal put forward in November 2016.
  • Assisting Member States that so wish in the restructuring of banks, by providing non-binding guidance – a blueprint – for establishing Asset Management Companies or other measures dealing with non-performing loans.

 

Read more…

 

About Us

 

News

Friday, 22 June 2018
The European Chamber of Commerce in Hong Kong delightfully shares two articles by Euronews about Hong Kong as a leading global financial and cultural hub.Read more...
Thursday, 14 June 2018
The EEBC position paper 2018 is launched!Read more...
Monday, 28 May 2018
The privacy policy of EuroCham is established to reflect the General Data Protection Regulation effective 25th of May 2018. Read more...
Wednesday, 2 May 2018
Representing the European passenger car and commercial vehicle manufacturers in Hong Kong, the Council aims to bring forward proposals and be a partner to the Government of the Hong Kong Special Administrative Region of the People's Republic of China. In this position paper, the EAC focused on Sustainable Mobility, Public Light Buses, Heavy Vehicles, Attracting Talent in Hong Kong, Vehicle Registration Data, and the Future Trends of the Automotive Industry. Read more...
Monday, 23 April 2018
EuroCham Hong Kong is pleased to announce that Ingrid Reinli has joined the Chamber as General Manager with immediate effect.Read more...
Tuesday, 27 March 2018
The European Chamber of Commerce in Hong Kong, in collaboration with the Swedish Chamber, hosted the presentation of the book “Shenzhen Superstars – How China’s smartest city is challenging Silicon Valley” by Swedish-born Johan Nylander, an award-winning author and freelancing China and Asia correspondent.Read more...
Friday, 9 March 2018
The current process of modernization and digitalization shaping the world has a direct impact on our approach to data. In this evolving context, new questions arise and the protection of personal data is becoming more of a priority. In order to tackle this concern, the European Union introduced a new regulation: the General Data Protection Regulation (GDPR), approved in April 2016, will finally enter into force on May 25th, 2018. What are the implications of GDPR for SMEs?Read more...
Wednesday, 24 January 2018
Hong Kong: The best is yet to come, six core elements driving Hong Kong to a better, brighter future: boosting connectivity, financial bridgehead, brain bank, blossoming creativity, better living and buzzing sport action.Read more...

Headlines from Europe

Monday, 30 April 2018
As 1 May 2018, EU citizens living or travelling outside the European Union will be able to better benefit from consular protection
Read more
Tuesday, 10 April 2018
Preliminary OECD figures show that Official Development Assistance (ODA) provided by the European Union and its Member States has reached €75.7 billion in 2017. With this, the European Union and its Member States continue to be the world's leading donor of development assistance.
Read more
Wednesday, 21 March 2018
The European Commission President and the European Parliament President welcome the reappointment of Li Keqiang as Premier of the State Council of the People's Republic of China.
Read more
Tuesday, 27 March 2018
Representatives from the European Parliament and the Council reached yesterday evening a provisional agreement on the Regulation for monitoring and reporting CO2 emissions and fuel consumption data from new heavy-duty vehicles (HDVs), i.e. lorries, buses and coaches. This is the first ever EU legislation focusing on the CO2 emissions from these vehicles.
Read more
Wednesday, 14 March 2018
The Commission proposed an ambitious and comprehensive package of measures to tackle non-performing loans in Europe, capitalising on the significant progress already made in reducing risks in the banking sector.
Read more
Tuesday, 13 March 2018
The European Commission has welcomed the political agreement reached by EU Member States today on new transparency rules for intermediaries - such as tax advisers, accountants, banks and lawyers - who design and promote tax planning schemes for their clients.
Read more
Wednesday, 7 March 2018
The analysis presented in today's Country Reports shows that the economic recovery, together with the reforms carried out in many parts of Europe, has contributed to improving the labour market and social context in Europe. Unemployment is at a ten-year low and almost back to pre-crisis levels, investment is picking up and public finances continue to improve. The share of people at risk of poverty or social exclusion has decreased to pre-crisis levels. However, remaining vulnerabilities, such as the high level of public and private debt, need to be overcome to safeguard the sustainability and inclusiveness of the current economic growth.
Read more
Thursday, 1 March 2018
The Commission put forward an Intellectual Property package, including guidance on the Directive on the enforcement of intellectual property rights. It will also continue to work on the establishment of Memoranda of Understanding with different intermediaries to find concrete solutions for the removal of counterfeited goods online.
Read more
Thursday, 1 March 2018
You, as business leaders, also have choices to make in a context of uncertainty. The UK will leave the EU on 29 March 2019. That is the only certainty we have at this stage. It is therefore important that all businesses analyse their exposure to the UK and are ready to adapt their logistics, supply chains and contracts. Of course, the transition period currently under negotiation would give you more time to adapt. However, certainty about the transition will only come at the end of the process, with the ratification of the withdrawal agreement by both sides –probably early next year.
Read more
Wednesday, 28 February 2018
The European Commission has today published the draft Withdrawal Agreement between the European Union and the United Kingdom. The draft Withdrawal Agreement will now be sent to the Council (Article 50) and the European Parliament's Brexit Steering Group for discussion, before being transmitted to the United Kingdom for negotiation.
Read more

Join us on:


 

 

This website has been funded with the assistance of the European Union.

The contents of this website are the sole responsibility of the European Chamber of Commerce and can in no way be taken to reflect the views of the European Union.

 

© 2010-2017 European Chamber of Commerce Hong Kong. All Rights Reserved.