On the European asset management company, the ECB is continuously monitoring the impact of the COVID-19 crisis on banks. https://www.eudebates.tv/debates/eu-policies/grants-and-loans-what-the-recovery-eu-money-will-be-invested-in/ A large-scale system-wide increase in NPLs would require a comprehensive approach at the national and EU levels. Now, based on the development and the monitoring, different policy options are being considered and could be further explored.

#eudebates #ECB #Lagarde​ #NextGenerationEU​ #MFF​ #EUbudget

Certainly at the ECB we have taken note of the Commission proposal to asset management companies that would operate at the national level and we agreed that this is a useful way to manage a systemic NPL problem.

As you also know, my colleague Andrea Enria has had in mind a more pan-European approach. This might come along later, but I think the key urgency is to make sure that there are mechanisms in place that can deal with the risk that bears on banks.
https://www.eudebates.tv/ #eudebates