Negotiators from the European Parliament and the Council of the European Union reached a political agreement on Friday 4 June on the proposed Directive to stimulate secondary markets for non-performing loans (NPLs).
Presented in March 2018 (see EUROPE B11981A13), the proposed Directive will make it easier for credit purchasers, such as investment funds, to acquire bank loans that are more than 90 days overdue from EU banks.
By shedding NPLs, banks should be able to lend more to the real...