European Commission lays out plan for NPL disposals
The European Commission is readying proposals to deal with the continent’s vast stock of non-performing loans (NPLs), including an out of court foreclosure process meant to speed up asset resolution.
According to a draft document seen by GlobalCapital, Europe’sNPL action plan will be one of the centrepieces of banking harmonisation on the continent.The document states that the action plan is set to be adopted in spring next year and will consist of a number of measures to speed up NPL ...
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