Monthly Archives: October 2017

63Bn in 9 months – is servicing market ready for the workload?

Posted on October 23, 2017 by Massimo Famularo

According the Credit Village NPL Observatory (here the press release) by the end or 2017 3rd quarter 137 transfers agreement of NPL portfolios were signed in Italy for a face value of 63Bn. The main question arising from this exceptional boost … Continue reading →

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Excusatio non petita

Posted on October 9, 2017 by Massimo Famularo

As widely reported by Italian blog Phastidio.net the recent addendum to ECB’ Guidelines on NPL management has triggered several negative reactions from Italian editors and politicians.  The main concern seem to be that new severe regulation may increase significantly the expected provisions … Continue reading →

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Why the Prudential provisioning backstop won’t hurt (too much) Italian Banks

Posted on October 5, 2017 by Massimo Famularo

ECB published on 4th October an addendum to the Guidelines on NPL Mangement published the last march. A public consultation will be open until 8th December. The main point of this update is the suggestion of Prudential provisioning backstop for non-performing exposures. This basically … Continue reading →

Posted in Italian Banks | Tagged , , | 3 Comments

Italian NPL Market Update 2017-10

Posted on October 2, 2017 by Massimo Famularo

Quaestio Capital SGR, on behalf of the Atlante II Fund, has signed a binding agreement to purchase approximately Euro 2.7 billion of non-performing loans from Cassa di Risparmio di Cesena, Cassa di Risparmio di Rimini and Cassa di Risparmio di San … Continue reading →

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