Elevated interest rates have led to an increase in European NPL volumes, but levels remain far below the peaks during the financial crisis period. NPL investors and servicers are rethinking their business models to adjust to...more
Weaker deal flow and tighter profit margins are driving a wave of consolidation in the European non-performing loan servicer market -
Europe’s non-performing loan (NPL) servicers—entities that collect payments and manage...more
The energy transition received a transformative boost when European Union lawmakers approved new voluntary standards for companies that wish to issue "green" bonds. The European Green Bond Standard, which will be finalized on...more
The European Green Bonds Regulation (the "EuGB Regulation") was published yesterday in the European Union's Official Journal.
The EuGB Regulation introduces the “European Green Bond Standard” or ("EuGBS"), as a...more
The ongoing decline in NPL volumes in 2022 and pivot towards smaller disposals leave European lenders well positioned to withstand adverse economic conditions.
Lenders are enjoying the fruits of their labours. Having...more
On 10 May 2023, the Council of the European Union (the "Council") submitted a draft for a European Green Bonds Regulation (the "Draft EuGB Regulation") to the European Parliament for review and approval....more
9/26/2023
/ Disclosure Requirements ,
EU ,
European Commission ,
European Parliament ,
European Securities and Markets Authority (ESMA) ,
Green Bonds ,
Proposed Regulation ,
Regulatory Requirements ,
Securities ,
Sustainability ,
Transparency
The Directive (EU) 2021/2167 sets out a harmonized regulatory framework for services in relation to non-performing loans and has to be implemented by Member States by 29 December 2023. In Germany, the draft bill of the Credit...more
8/4/2023
/ Banking Sector ,
Creditors ,
Debt Collection ,
Debt Collectors ,
EU ,
EU Directive ,
European Commission ,
Financial Institutions ,
Financial Services Industry ,
Germany ,
Loan Servicer ,
Member State ,
Regulatory Requirements
The German capital market needs to be modernized to remain efficient and competitive. Therefore, the German Government published a paper outlining a German Future Financing Act (Zukunftsfinanzierungsgesetz)1 on 29 June 2022,...more
As current blockchain technology faces accusations of inefficiency and unsustainability, a new technology is finding its way to counteract them.
Blockchain -
Crypto blockchains are a highly discussed topic. Blockchain is...more
What does the future hold for NPLs? There's still plenty of business to be done, but buyers and sellers alike will need to change tack to get the most from the available opportunities....more
6/27/2022
/ Banking Sector ,
Buyers ,
Coronavirus/COVID-19 ,
Financial Institutions ,
France ,
Greece ,
Ireland ,
Italy ,
Loans ,
Non-Performing Loans (NPL) ,
Sellers ,
UK
Europe's banks continue to defy expectations—not a single country saw its banking sector’s NPL ratio increase in 2021, with the vast majority reporting an improvement....more
While the spike in bad debt and subsequent tsunami of NPL and non-core loan deals that was anticipated due to COVID-19 did not materialise, the increasingly volatile market trends may lead investors to discover new and...more
"It can‘t go on like this!" This statement is not only made by the young people who pass by the windows of our office every Friday morning. In fact, this statement was already made binding by the Paris Climate Change...more
10/4/2021
/ Climate Change ,
Corporate Governance ,
Disclosure Requirements ,
Environmental Social & Governance (ESG) ,
European Banking Authority (EBA) ,
European Central Bank ,
European Commission ,
European Securities and Markets Authority (ESMA) ,
Paris Agreement ,
Sustainable Finance ,
UCITS
The UK's departure from the EU has created new uncertainties in EU-UK cross-border financial services. One such area is the regulatory landscape that EU and UK financial services firms will have to navigate when doing...more
This alert provides an overview of COVID-19 governmental financial assistance measures available in some of the principal jurisdictions. Our team can cover advice on governmental financial assistance across the globe.
The...more
6/10/2020
/ Banking Sector ,
Competition ,
Coronavirus/COVID-19 ,
Economic Stimulus ,
Financial Assistance Policies ,
Financial Institutions ,
Financial Markets ,
Financial Services Industry ,
Lenders ,
Relief Measures ,
Reorganizations
On April 9, 2020, after intense and lengthy discussions, the EU finance ministers reached a comprehensive economic policy response to the COVID-19 pandemic. The President of the Eurogroup, Mario Centeno, stated: "Today, we...more
The European Central Bank has launched a EUR 750 billion bond purchase programme designed to mitigate the enormous economic and financial risks to the Eurozone caused by the coronavirus pandemic. The creation of the "Pandemic...more
The economic shock and disruption caused by the outbreak of the SARS-CoV-2-Virus (COVID-19-pandemic) resulted in unprecedented circumstances for companies and prompted recent emergency rescue measures by the German...more
Last Friday, in response to the outbreak of the coronavirus pandemic (COVID-19), the German government announced various measures described as a big "bazooka" to avert a crisis in the Eurozone's largest economy. The German...more
3/22/2020
/ Compensation ,
Coronavirus/COVID-19 ,
Entrepreneurs ,
European Commission ,
European Investment Bank (EIB) ,
Germany ,
Liquidity ,
Member State ,
Multinationals ,
Relief Measures ,
Small Business Loans ,
Startups ,
State Aid ,
Treaty on the Functioning of the European Union (TFEU)
Since the financial crisis of 2008, numerous emerging and developed countries experienced a substantial increase to their government gross debt-to-GDP ratio (sovereign debt). In addition, there were significant increases in...more
Refinements to the regulatory framework are needed before banks can make widespread use of securitization by European banks.
Volumes of non-performing loans (NPLs) European banks have halved since 2015, driven by an...more
Essential features of bank capital regulation across Europe in one handy wall chart.
Regulatory capital requirements for prudentially supervised financial services companies across Europe are complex and changing rapidly....more
3/26/2019
/ Bank Recovery and Resolution Directive (BRRD) ,
Banks ,
Capital Markets ,
Capital Requirements Regulation (CRR) ,
CRD IV Directive ,
Credit ,
EU ,
European Banking Authority (EBA) ,
European Economic Area (EEA) ,
Financial Regulatory Agencies ,
Insolvency ,
MREL ,
TLAC
NPLs are a hot topic, high on the European supervisory authorities' agenda. Legislative and prudential requirements to reduce NPLs are rapidly evolving. In March of 2018, the EC published a package of reforms aimed at...more
3/16/2019
/ Amended Regulation ,
Banking Sector ,
Capital Requirements Regulation (CRR) ,
Credit ,
Distressed Debt ,
EU ,
European Banking Authority (EBA) ,
European Council ,
European Supervisory Authorities (ESAs) ,
Financial Institutions ,
Greece ,
IFRS ,
Member State ,
Non-Performing Loans (NPL) ,
Proposed Amendments