While I say “practical” issues, I am aware that they entail sensitive policy discussions and choices to be made that may affect market participants in various ways, not least in terms of costs.
The operationalization of the FIST Act will allow financial institutions to unload their nonperforming assets and as a result, enhance their capability to provide financial services to productive sectors of the economy. Despite the increase in NPLs, the banking system remains well-capitalized. Our external payments position remains strong with sufficient buffers.