While credit exposures continue to fall, credit quality is improving. The value of outstanding NPLs fell by over one-quarter in the year to 2017Q1. The resolution of NPLs is vital to the future health of the banking sector. The Review provides more detailed macroeconomic, sectoral and system analysis, which we are happy to discuss with you in detail. 3/3  BIS central bankers' speeches
Yves Mersch: The world economy transformed Remarks by Mr Yves Mersch, Member of the Executive Board of the European Central Bank and Vice-Chair of the Supervisory Board of the European Central Bank, at the Reinventing Bretton Woods Committee Webinar Series, 25 June 2020.