Fitch: Basel Foreclosure Proposal May Push EU Insolvency Reform

(The following statement was released by the rating agency) LONDON, March 29 (Fitch) The Basel Committee on Banking Supervision's proposal that only mortgages backed by easily realisable collateral should benefit from low risk-weightings might encourage insolvency regime reform in the EU, says Fitch Ratings. Mortgage lending represented 22% of total non-defaulted exposures extended by a large sample of EU banks. Timelines for real-estate foreclosure and liquidation vary significantly betwe


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