French ‘mystery’ NPL market remains untapped securitization source

By Tom Brown
11 Mar 2021

Bad debt investors are knocking on the doors of French banks, anticipating a rise in defaulted loans as the Covid-19 crisis worsens. But France is unlikely to see much NPL securitization due to a lack of pressure from regulators.

In 2019, France had the second largest non-performing loan stock in Europe, according to Deloitte’s Deleveraging Europe report which tracks the sale of defaulted assets. Since then, the country has done little to improve its debt outlook.

According to Allianz Research, France is expected to rack up ...

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