| Title | : | A Strategy for Resolving Europe's Problem Loans |
|---|---|---|
| Author | : | Shekhar Aiyar, Wolfgang Bergthaler, José M. Garrido, Anna Ilyina, Andreas Jobst, Kenneth Kang, Dmitriy Kovtun, Yan Liu, Dermot Monaghan & Marina Moretti |
| Release | : | 2015-09-24 |
| Kind | : | ebook |
| Genre | : | Economics, Books, Business & Personal Finance |
| Size | : | 9325766 |
| Europe’s banking system is weighed down by high levels of non-performing loans (NPLs), which are holding down credit growth and economic activity. This discussion note uses a new survey of European country authorities and banks to examine the structural obstacles that discourage banks from addressing their problem loans. A three pillared strategy is advocated to remedy the situation, comprising: (i) tightened supervisory policies, (ii) insolvency reforms, and (iii) the development of distressed debt markets. |
