As anticipated by EUROPE (see EUROPE 12633/18), the European Parliament’s Committee on Economic and Monetary Affairs adopted, by a large majority on Monday 11 January, all the compromise amendments negotiated between the main political groups on the proposal to stimulate secondary markets for non-performing bank loans (NPLs).
On Thursday 14 January, MEPs will adopt the ‘Tinagli/De Lange’ draft report as amended and should give a mandate to the two rapporteurs to initiate negotiations with the Portuguese Presidency of the Council of the EU, which has been ready to negotiate since March 2019 (see EUROPE 12223/20).
The ‘Ecofin’ Council of the EU will hold an exchange of views on Tuesday 19 January on the recent European Commission action plan on NPLs, the stock of which will increase as the emergency public support set up to deal with the crisis caused by the Covid-19 pandemic is withdrawn (see EUROPE 12624/5, 12622/21). (Original version in French by Mathieu Bion)