The European Central Bank is delaying the outcome of a major investigation into high-risk loans following complaints from several banks about the probe’s conduct. Although initially scheduled for release this month, the final results of the leveraged loans review are now expected in September, according to a Bloomberg News report citing people familiar with the matter.
Bloomberg News reported last month that the ECB’s investigation had provoked criticism from banks. Several banks used a standard feedback process to formally complain in letters about how the ECB conducted the probe.
