As I briefly mentioned a little while ago, any change in the Terms and Conditions of the loan or credit, especially in respect of its servicing, is called restructuring of loan/ debt. Corporate debt restructuring is a specialised institutional mechanism for restructuring large exposures involving more than one lender under consortium/multiple banking arrangements. 7.
Financial literacy and education are therefore key for financial stability and for the nature of conduct and macroprudential supervision policies. In short, to safeguard financial stability, it is not enough to monitor individual choices or to regulate the conduct of banking institutions with their customers.