About this initiative

Full title

Initiative on the development of secondary markets for non-performing loans and distressed assets

Directorate-General for Financial Stability, Financial Services and Capital Markets Union
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Feedback period
22 June 2017 - 20 July 2017
Feedback status: Closed

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Recent feedback

  • Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)
    20 July 2017 Company/business organisation
    Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)

    In addition to our comments submitted lately we would like to state the following: It is correct that the European NPL secondary market has the potential to improve in general. Currently there is no explicit legal regulation for (retail) NPL sales in Austria. This forces banks and investors to find solutions for debt sale by using the few existing legal possibilities and balance the obstacles. The following main legal obstacles for retail debt...

  • Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)
    20 July 2017 Business association
    Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)

    In principle we support this initiative, although we have seen some momentum in the secondary market for distressed debt in recent time. However, in order to improve the market conditions a general public policy could enhance and further develop the market. An important factor is to create a transparent and open market that could attract a larger pool of investors resulting in higher price levels in line with the collateral values. This could...

  • Anonymous (Sweden)
    16 July 2017 Company/business organisation
    Anonymous (Sweden)

    High-Level perspective on the Commission’s approach As set out by the Commission in the inception Impact assessment, European NPL markets show varying levels of maturity, ranging from the UK’s advanced processes where sellers drive market processes and prices to Greece, where the NPL sales market has been inactive over the past 5 years. Efficient and effective court systems play an important role in improving recovery levels, whereas high...

  • PMS / Cassa di Risparmio di Volterra (Italy)
    11 Luglio 2017 Company/business organisation
    PMS / Cassa di Risparmio di Volterra (Italy)

    This feedback was removed either at the request of the author or because it did not comply with the European Commission's rules for publishing feedback and suggestions.

All feedback (4) >