Debt forgiveness is coming?
Please see attached, which I believe is a welcome first step in Banks accepting that debt forgiveness will need to occur in order for them to clean up their balance sheets. Provision first – settle second has always been the model, however this puts a more aggressive timeline on the process which is good news for the heavily indebted.
Central Bank policy to hit bank profits | The Post
http://www.thepost.ie/story/?jp=ojqlkfsney#.ThSMVpJ7KgM.email
We will need to keep a close eye on this story as it unfolds.
Please see attached, which I believe is a welcome first step in Banks accepting that debt forgiveness will need to occur in order for them to clean up their balance sheets. Provision first – settle second has always been the model, however this puts a more aggressive timeline on the process which is good news for the heavily indebted.
Central Bank policy to hit bank profits | The Post
http://www.thepost.ie/story/?jp=ojqlkfsney#.ThSMVpJ7KgM.email
We will need to keep a close eye on this story as it unfolds.