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
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)
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