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In an article published with Central Banking, Piers Haben, EBA Director of Oversight and Mario Quagliariello, Head of Risk Analysis give further details on Andrea Enria's proposal of an EU asset management company to tackle the NPLs issue.
The EBA has for some time identified in its risk reports the need to move swiftly to bring down the level of outstanding NPLs in the EU. In this article, they highlight the mechanism behind this idea and present its benefits. You can click here to find out more about it.
