ECB shortens response time for banks' requests to 15 days from January
The European Central Bank (ECB) will reduce the approval period for banks' share buy-backs to two weeks, rather than the current three months, from January, it was announced today.
Bank of Portugal monitors the sale of non-performing loans to funds from today
From today, the Bank of Portugal will oversee the sale of non-performing loans by banks to non-financial companies and will be able to impose fines in case of non-compliance with the rules.
