New EU law could make ECB's bad loans rules 'redundant' - Nouy

FRANKFURT (Reuters) - The European Central Bank's new and contested rules on how much money banks must set aside to cover loans that go unpaid might be "made redundant" by new European Union-wide legislation, the ECB's top banking supervisor Daniele Nouy said on Monday.

from Reuters: Top News http://uk.reuters.com/article/uk-ecb-banks-credit/new-eu-law-could-make-ecbs-bad-loans-rules-redundant-nouy-idUKKBN1H21MP?feedType=RSS&feedName=topNews