News & Analysis as of

Non-Performing Loans (NPL)

Hinshaw & Culbertson - Consumer Crossroads

How to Manage the Challenge of Blight Liens When Foreclosing Real Estate Property in Connecticut

Servicers with non-performing loans in Connecticut may find that municipal code violations exist on a property in foreclosure. Commonly referred to as "blight," Connecticut has enacted C.G.S. § 7-148ff, which makes a blight...more

White & Case LLP

Sector trends - September 2024: Consumer Finance

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UK & European Financial Services M&A: Sector Trends H2 2023 | H1 2024 — Consumer Finance - Current market: Inflexion point for UK & European consumer lending - We are seeing: Significant consolidation activity: ...more

White & Case LLP

NPL players rethink strategy in a changing market

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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

Hogan Lovells

Nuevo marco para los administradores y compradores de NPLs en España

Hogan Lovells on

El pasado mayo de 2024 fue aprobado en el Consejo de Ministros el anteproyecto de la ley de administradores y compradores de créditos dudosos con el objetivo de adaptar al ordenamiento jurídico español las disposiciones...more

Morgan Lewis

Non-performing and Re-performing Loan Securitisation in Europe: What Does the Future Hold?

Morgan Lewis on

An elevated level of non-performing loans (NPLs) on European banks’ balance sheets drove a slate of legislation and regulation in recent years, including directives aimed at developing and enhancing a secondary market for...more

White & Case LLP

Tighter profits drive NPL consolidation

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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

McDermott Will & Emery

Erlaubnispflicht für Kreditdienstleister – Dienstleistungen für Non-Performing-Loans sind jetzt erlaubnispflichtig

McDermott Will & Emery on

Mit dem Inkrafttreten des Kreditzweitmarktgesetzes am 30. Dezember 2023 sind Dienstleistungen in Bezug auf sogenannte Non-Performing-Loans, also Kredite, die nicht mehr bedient werden oder vom Ausfall bedroht sind,...more

Mayer Brown

New NPL Law in Germany - German Secondary Credit Market Act– Revitalization of the Non-Performing Loans Market and Creating New...

Mayer Brown on

On 30 December 2023 the German Secondary Credit Market Promotion Act (Kreditzweitmarktförderungsgesetz) entered into force, which simplifies dealing in non-performing loans (“NPLs“) by introducing a new law, the German...more

White & Case LLP

European NPLs: Market earns welcome breathing room

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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

Akin Gump Strauss Hauer & Feld LLP

EU Regulatory Developments on Credit Markets

What’s New? A new European Union (EU) Directive on Credit Servicers and Credit Purchasers (the Directive) requires investors who acquire, manage, or sell non-performing loans (NPLs), issued by EU-authorised credit...more

White & Case LLP

Resilient Italian economy keeps non-performing loans in check

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Expectations of a surge in non-performing loans in Italy have failed to materialize, with the country’s banking system and economy holding firm in the face of macroeconomic volatility - Despite annual inflation still...more

Hogan Lovells

EU Non-Performing Loans Directive: Potential impact of implementation in some key Member States

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The EU Directive (EU) 2021/2167 (NPL Directive), published in the Official Journal of the EU on 8 December 2021 and regulating the sale, purchase and servicing of both consumer and commercial non-performing loans (NPLs)...more

Cadwalader, Wickersham & Taft LLP

The UK’s Prudential Regulation Authority Proposes Changes to Deductions for Non-Performing Exposures

On 14 March 2023, the PRA launched a consultation on the Deductions for Non-Performing Exposures (Revocations) (CRR) Instrument 2023 to remove the current Common Equity Tier 1 (“CET1”) deduction requirement for NPEs that are...more

Orrick, Herrington & Sutcliffe LLP

Comunicazione Della Commissione Sugli Orientamenti Relativi Alla Procedura Di Vendita Alle Condizioni Migliori Di Crediti...

In data 21 ottobre 2022 è stata pubblicata la comunicazione della Commissione Europea del 21 ottobre 2022 concernente gli orientamenti relativi alla procedura di vendita alle condizioni migliori di crediti deteriorati sui...more

White & Case LLP

NPL market dynamics are changing, possibly for good

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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

White & Case LLP

Regional spotlight on NPLs: Greece, Italy, Spain and beyond

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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

White & Case LLP

European NPLs: The journey from COVID-19 to Ukraine

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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

Latham & Watkins LLP

NPE servicers prepare to retain risk under EU Securitisation Regulation

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Recent changes to the Securitisation Regulation allow eligible servicers in the EU to retain the 5% net economic interest in traditional securitisations of non-performing exposures (NPEs). The European Banking Authority (EBA)...more

Hogan Lovells

VAT regime applicable to the assignment of NPLs

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Italian tax authorities address for the first time the VAT regime applicable to the assignment of NPLs. On the very last day of 2021 the Italian Revenue Agency issued a remarkable ruling (no. 79/E) on the VAT regime...more

Hogan Lovells

Amendment to Turkish law brings new opportunities for investors in NPLs

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A recent amendment to existing legislation potentially opens the door to international investors in the Turkish NPL market for the first time. Background On 16 October 2021, the Communiqué (III-58.1) on Asset or Mortgage...more

Hogan Lovells

Banking and finance regulatory news, June 2021

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Resolution assessments: PRA PS10/21 on amendments to reporting and disclosure dates - Following its consultation in CP19/20, the UK Prudential Regulation Authority (PRA) has published a policy statement, PS10/21, on...more

Hogan Lovells

Banking and finance regulatory news, May 2021

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Collections function: PRA Dear Chief Risk Officer letter - The UK Prudential Regulation Authority (PRA) has published a letter to Chief Risk Officers (CROs) of non-systemic UK deposit takers, from Melanie Beaman, PRA...more

Hogan Lovells

Capital Markets Recovery Package (CMRP) – Quick fixes or long-term solution?

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CMRP has introduced new EU rules for NPL securitisations and a framework for “STS” synthetic securitisations - On 1 January 2019 EU Regulation 2402/2017 (Securitisation Regulation) started to apply, giving rise to one of...more

Hogan Lovells

Banking and finance regulatory news, December 2020 # 3

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UK SRR code of practice - HM Treasury has published a revised version of the Banking Act 2009 special resolution regime (SRR) code of practice which applies to the use of the SRR after the end of Brexit transition period....more

Hogan Lovells

Banking and finance regulatory news, November 2020 # 4

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Submission of statistical data: BoE Green Notice 2020/02 - The Bank of England (BoE) has published a Green Notice 2020/02 announcing future changes to the submission of statistical data to its Data and Statistics Division...more

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