Referring to the work underway at European and national level to deal with the question of non-performing bank loans (NPL), the European Commissioner for Financial Services, Valdis Dombrovskis, told the 15th annual conference on financial services on Tuesday 7 February that the European Commission was currently assessing “concrete initiatives on how to support the development of a secondary market for distressed debt”.
The Commission explained that a European approach is needed as the...