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Based on the success of these two working group reports, the Vienna Initiative members have set up two new working groups on subjects of particular relevance in Europe's deeply integrated markets: one to analyse the impact of some of the Basel III regulations (led by EBRD) and another on options to address the problems of nonperforming loans which impedes credit growth and development in the EBRD region (led by the IMF). Preliminary results are expected by the end of the summer.