In terms of present guidelines banks are required to disclose annually all accounts restructured in their books on a cumulative basis even though many of them would have subsequently shown satisfactory performance over a sufficiently long period.
Johannes Wiegand: Mr. Wiegand is Economist in the IMF’s European Department and was Mission Chief to Kosovo and Desk Officer for Hungary. Before that, Mr. Wiegand has worked in the IMF’s Research, Policy Development and Review Department as well as in the African Department, and has published on Macro-Financial Linkages, Financial Stability and on Emerging Market Vulnerabilities. Mr. Wiegand holds a Ph.D. and M.Sc.