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). 

Editorial

F. Kourmousis, the government will give a second chance to distressed borrowers

Coronavirus  has caused a financial crisis, which has led both households and businesses to not being able to repay finanicial obligations on time. The government is preparing a new law for debt repayments -and if that is not possible- will then considers writing off debts, giving everyone a second chance.