About this initiative
Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on credit servicers, credit purchasers and the recovery of collateral
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Marginalen Bank (Sweden)
Dear Sirs, Please find attached Marginalen Bank’s feedback on the proposal for a directive for credit servicers, credit purchasers and the recovery of collateral. If you have any question, do not hesitate to contact us directly. Best regards, Mattias Moreborg Head of Balance Sheet Development Marginalen AB
Austrian Federal Economic Chamber, Division Bank and Insurance (Austria)
Dear Sir or Madam, on behalf of the Austrian banking industry please find attached our comments on the NPL-proposals of the Commission, which were relased on 14 March 2018. Kind regards, Bernhard Egger Division Bank and Insurance of the Austrian Federal Economic Chamber
Anonymous (United Kingdom)
Syndicated Loans originated by Banks are often administered (as Facility Agent) by the Agency team of one of the Bank lenders. This Bank Agent is open often to (what they deem) reputational risk / conflict of interest if the Borrower begins to suffer any form of financial distress. At this point and for many reasons it is commonplace for the Bank Agent to wish to resign. In order to keep the syndicated facility operating and the Borrower out...