Editorial

Th. Pelagidis: ECB May Be In Liquidity Trap

The rapid delivery of EU Covid emergency funds was more important than ever, Pelagidis said, warning that financial conditions could worsen further due to cliff effects following the expiration of pandemic loan moratoria and state support measures.

Editorial

Why ECB backs the idea of a bad bank

EU officials, however, rebuff the idea refusing to relax state-aid rules, which preclude the set-up of bad-banks, unless in formal resolution processes where losses have been imposed on shareholders, bondholders.

Editorial

Commission will organize an NPL expert meeting on 5 October.

Topics which were disused during the  round table last Friday included a possible approach to improve the usability of national Asset Management Companies (AMC), the state of play of the Commission’s proposal for a Directive on credit servicers and credit purchasers,  initiatives to improve data standardization and data infrastructure on secondary markets for NPLs, and a presentation of the Commission’s recent proposal on the securitization of non-performing exposures (NPEs).