ECB set to delay new rules on bad bank loans

The ECB is prepared to delay and improve its new, stricter rules on bad bank loans after fierce criticism from the European Parliament and Italy, the ECB’s top supervisor said yesterday.

The ECB is prepared to delay and improve its new, stricter rules on bad bank loans after fierce criticism from the European Parliament and Italy, the ECB’s top supervisor said yesterday.

Daniele Nouy defended the proposed new guidelines, which force banks to set aside more money for loans that sour, but said they would be “improved” by taking feedback into account.