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European Commission to help banks offload NPLs faster

The European Commission will soon be publishing new proposals to make it easier for EU banks to sell non-performing loans (NPLs). 

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The Commission intends to present the new comprehensive NPL strategy before the end of the year. The European Commission strategy will focus on a mix of “complementary policy actions”, especially in the areas of:

  • Restructuring, insolvency and debt recovery frameworks (beyond the extra-judiciary recovery of collateral);
  • The development of secondary markets for NPLs.

Initially reported in the Financial Times, the strategy is expected to propose a series of measures to catalyse the sale and purchase of banks’ bad loans.

 

A European Commission spokesperson said: “It is important to tackle NPLs in an effective way. This has been and will remain a long-standing, key objective of our financial policy.

 

"Drawing on lessons from the last severe economic crisis, it is imperative to address any renewed build-up of NPLs on banks’ balance sheets as early as possible, while being mindful of debtor protection issues, in order to combat the implications of the pandemic.”

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