Tag Archives: Italian Banks

GACs is back (and lots of securitizations will follow)

Posted on March 22, 2019 by Massimo Famularo

As reported by Reuters, Italy and the European Commission have agreed on the renewal of a state guarantee scheme aimed at facilitating the sales of bad bank loans. The so-called ‘GACS’ scheme expired on March 6, but the Italian government … Continue reading →

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NPE R-Evolution: 2019 CV Sprig Day

Posted on March 20, 2019 by Massimo Famularo

Proud to be speaking at the 2019 edition of CV Spring Day that will be held at Palazzo Mezzanotte, the congress center placed in the historical building of Milan Stock Exchange on April 5. This year programm will include 2 … Continue reading →

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Will Italian politics harm NPL market?

Posted on October 12, 2018 by Massimo Famularo

Italian government’s plan to  run fiscal deficit of 2.4% of GDP next year is causing some worries on financial markets (with pressure on the spread between of Italian long term public bond vs German ones commonly used as benchmark) because it … Continue reading →

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My Workshop at NPL Meeting

Posted on July 19, 2018 by Massimo Famularo

Savethedate on September 27th I am going to present a workshop at Banca IFIS‘ NPL Meeting  The topic I am going to cover is PORTFOLIO MANAGEMENT AS KEY DRIVER FOR BOTH BUYERS AND SELLERS IN NPL MARKET The workshop will take … Continue reading →

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Positive outlook for NPL according DBRS

Posted on March 9, 2018 by Massimo Famularo

According DBRS rating agency Banking restructuring continues amid tougher regulatory expectations forasset quality: Italian banks are stepping up their efforts to reduce NPLs on the back of tougher expectations from European regulators The gross NPL ratio is expected to improve to … Continue reading →

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Why GACs like guarrantee is better than national AMCs

Posted on January 25, 2018 by Massimo Famularo

As reported by Reuters European Union finance ministers on Tuesday called for speedier unloading of bad debt by EU banks and recommended more money be put aside by the banks to protect them from trouble. Vice-President Valdis Dombrovskis told a news … Continue reading →

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Entering Italian NPL Market (Linkedin Group)

Posted on January 24, 2018 by Massimo Famularo

Is still Italy the hottest market for NPL investors?  What volumes can be expected for this year? Will the M&A process involving special servicer go on? How will Italian banks face ECB guidelines’ challenges? GACs and Securitization schemes will affect … Continue reading →

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Italian government studying new rules to help banks reduce NPLs

Posted on September 20, 2017 by Massimo Famularo

Italian government (as reported by Sole24Ore)  is considering including in the next budget law measures to widen the scope of bad loan securitisations allowing the possibility of “mixed structured” including both impaired and performing loans and  including tax concessions for special purpose vehicles as well … Continue reading →

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Some doubts on Ecofin Action Plan for NPL

Posted on July 13, 2017 by Massimo Famularo

The new Action Plan for NPL discussed by European Union finance ministers on Tuesday includes measures to improve secondary markets for NPLs, which are currently underdeveloped and provide little incentive for banks to unload their bad credit. While an earlier … Continue reading →

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Filling the Gap a new Debtwire and Banca Ifis Report

Posted on January 11, 2017 by Massimo Famularo

A new Debtwire and Banca Ifis report gives a quick outlook on what is going on in the Italian Non Performing Loans Market. The report takes its name from the claim of 2016 NPL meeting one of the most relevant events on this field in Italy. … Continue reading →

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