Italian Non-Performing Loans
State Guarantee and Securitisation Scheme...Unlocking the NPL Log-Jam?
Deloitte Portfolio Lead Advisory Services takes a look at recent government reforms in Italy attempting to unlock the NPL log-jam and set the market in motion.
Key highlights in this edition
- Concise overview of the reforms
- Basic mechanics of the State Guarantee and NPL securitisation programme explained
- Deloitte Portfolio Lead Advisory Services view on the likely impact the new reform will have on the Italian NPL market
While these reforms may not be the all-encompassing panacea that is needed, any moves to cleanse bank balance sheets of distressed debt has to be welcomed.