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Italian Non-Performing Loans

State Guarantee and Securitisation Scheme...Unlocking the NPL Log-Jam?

February 2016

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.

Point of view memorandum
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