Greece changes banks' DTA conversion law to secure ECB/EBA approval

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Greece changes banks' DTA conversion law to secure ECB/EBA approval

Economy 16/10/2014 - 14:13 Tags: Banking, ECB

Τhe Finance Ministry (MoF) tabled on Wednesday night an amendment to the legal framework which allows the conversion of the deferred tax asset (DTA) to a tax credit (DTC), following a relevant request by the European Banking Authority (EBA).

The changes were required to fully comply with EBA rules, while the proposed model is in line with that of Portugal, which the European Central Bank has reportedly approved.

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