To avoid a credit crunch, the European Banking Authority (EBA) reactivates its exceptional regime on moratoriums. She had stopped him at the end of September but the second wave of the pandemic and the containment measures forced her to react. Banks will again be able to grant deferred repayments to their customers.
Faced with the crisis, the European Banking Authority (EBA) reactivates its exceptional regime on moratoriums. After stopping it in September, then deeming the economic situation reassuring, the European banking regulator announced on Wednesday morning a resumption of the application of its guidelines on moratoria until March 31, 2021.
A measure supposed to be exceptional, which illustrates the authorities’ fear of the risk of credit crunch in Europe and deterioration of bank balance sheets. ” With the continued deployment of the Covid-19 pandemic, it is essential that banks continue to provide loans to the real economy The EBA said in a statement.