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Greek Banks do not Need Approval to Sell Claims to Third Parties

Greek-banks1The sale of credit institutions’ claims to third parties does not require approval or updating by the Bank of Greece, which has the responsibility over the supervision of such claims to evaluate risk management, a report by the central bank said on Wednesday.
The report was submitted to Parliament in response to deputies’ questions over the possibility foreign distress funds would buy Greek banks‘ bad loans.
(source: ana-mpa)

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