PropertyEU

ANALYSIS: European Bank's AQR marks end of 'extend and pretend' era

By Judi Seebus 2014-09-22T00:00:00

The looming Asset Quality Review by the European Central Bank will mark the end of the ‘extend and pretend’ era as banks are forced to divulge the true state of their loan books, predicts Jos Short, founding director of London-based investment manager Internos Global Investors.

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