On 10 February 2016, decree no. 18/2016 (the "Decree") was passed which, following the agreement reached with the EU late last month, sets out the details of the Italian government guarantee scheme for senior tranches of securitisation ABS backed by NPLs.
On 7 April 2016, the Italian Parliament approved the conversion law of the Decree (the "Law") introducing some amendments to the Decree, as summarized and highlighted below.
Please see full publication below for more information.
