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Thursday’s ECB meeting was presented a priori with two points of interest on the table, aside from the 75 basis point rate hike which had been widely anticipated by markets and analysts thanks to a fairly direct communication from the central bank itself.
Forbearance aims at relieving the financial burden to borrowers under temporary difficulties. Forbearance measures were widely applied during the crisis sometimes heterogeneously until the EBA harmonised definitions and the treatment of forbearance. In this watch, we discuss the implications of the new accounting regulation…
