A Strategy for Developing a Market for Nonperforming Loans in Italy

• Author(s): Nadège Jassaud, Mr.Kenneth Kang,
• Publisher: International Monetary Fund
• Pages: 31
• ISBN_10: 1498337988
  ISBN_13: 9781498337984
  
• Language: en
• Categories: Business & Economics / Industries / Financial Services , Business & Economics / Finance / General , Business & Economics / Banks & Banking ,

Description:... Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge for some time and be important for supporting a sustained, robust economic recovery. The buildup reflects both the prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could support corporate and financial restructuring.