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" The primary objective of the MNB shall be to achieve and maintain price stability. Without prejudice to its primary objective, the MNB shall support the maintenance of the stability of the financial intermediary system, the enhancement of its resilience, its sustainable contribution to economic growth; furthermore, the MNB shall support the economic policy of the government using the instruments at its disposal. "
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ESMA issues statement on forbearance practices

The European Securities and Markets Authority (ESMA) has issued a Public Statement on the Treatment of Forbearance Practices in IFRS Financial Statements of Financial Institutions.  The statement deals with the definition of forbearance practices, their impact on the impairment of financial assets and the specific disclosures relating to forbearance activities that listed financial institutions should include in their IFRS financial statements for the year ending 31 December 2012.

The whole text is available attched.

ESMA issues statement on forbearance practices data/cms2379000/2012_854_ESMA_issues_statement_on_forbearance_practices_20122012.pdf application/pdf 117 1356008950398
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ESMA issues statement on forbearance practices (117KB)
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