Despite the information sharing mechanisms as detailed above, if the loans still go bad, restructuring mechanisms have been spelt out to help a borrower who has a viable project or a viable business proposition.
With a view to putting in place a mechanism for timely and transparent restructuring of corporate debts of viable entities facing problems, a  BIS central bankers’ speeches  3  Scheme of Corporate Debt Restructuring (CDR) was started in 2001 for quicker recovery/ restructuring of stressed assets. 18.