A Strategy for Developing a Market for Nonperforming Loans in Italy
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Summary:
Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.
Series:
Working Paper No. 2015/024
Subject:
Asset and liability management Banking Collateral Debt restructuring Distressed assets Financial institutions Financial sector policy and analysis Loans Nonperforming loans
English
Publication Date:
February 6, 2015
ISBN/ISSN:
9781498337984/1018-5941
Stock No:
WPIEA2015024
Pages:
31
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