The European Central Bank cannot adopt general binding rules on NPLs. This was stated by the legal service of the European Parliament with reference to the new indications on European banking supervision.
According to Brussels, the ECB "does not have the competence to adopt the Addendum because it defines mandatory legal rules of a general purpose applicable to all banks supervised directly by the ECB".
The European Parliament therefore enters the debate on the guidelines relating to the management of "non-performing loans" which provide for the full coverage within two years of unsecured non-performing loans and within seven years of those partially guaranteed starting from 2018 January XNUMX.
