EC pushes ahead with NPL trading plan
The European Commission is pushing forward with plans to boost liquidity in the NPL market, promoting a privately owned electronic marketplace to improve transparency and encourage trading. It is inviting ‘industry stakeholders’ to a roundtable, with a plan supposed to be on the table by spring next year.
The roundtable will be mid-January, GlobalCapital understands, and will include representatives from banks, investors, trade associations, credit servicers, advisory firms, regulators, and others.The aim is an electronic marketplace that will speed up and open up the European NPL market. The Commission says it “could help banks increase sales ...
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