Following a troubled asset review, the Bank of Greece enhanced the supervisory and regulatory framework helping banks to enrich their policies and practices to deal with the large-scale resolution of troubled assets.
The banks have to follow specific guidelines regarding NPL management, starting with the establishment of a well-defined and fully operational internal independent NPL workout unit and implement the Code of Conduct regarding the interaction of 1/3  BIS central bankers' speeches  credit and other financial institutions with borrowers in arrears.