Iran eyes ‘bad bank’ to mop up toxic loans - FT.com:
"Iran’s central bank is preparing to set up a “bad bank” to cleanse its financial system of a vast pile of toxic loans after studying the models used by other countries, such as Sweden, Japan and South Korea.
The plans were part of an array of reform measures designed to bolster the country’s economy presented by a senior central bank official at the Financial Times’ inaugural Iran summit in London on Wednesday."
'via Blog this'
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