MEPs vote through harmonised NPL secondary market

EuropeanCouncil_PA_575x375_8April2020
By Tom Brown
14 Jan 2021

The European Parliament's Committee on Economic and Monetary Affairs (ECON) has voted through regulation to harmonise the secondary market for NPLs across Europe, pushing through a key stage of its Action Plan aimed at rebuilding the European economy post-pandemic.

Following a political deadlock, a coalition of MEPs from Christian Democrats, Social Democrats, Liberals, right-wing conservatives and Greens agreed to support the reformed bill, voting it through on Thursday.

“The draft bill now includes strong protections for distressed borrowers,” said Sven Giegold, speaker for the German Green ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial