IMF Working Papers

A Strategy for Developing a Market for Nonperforming Loans in Italy

By Nadège Jassaud, Kenneth H Kang

February 6, 2015

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Nadège Jassaud, and Kenneth H Kang. A Strategy for Developing a Market for Nonperforming Loans in Italy, (USA: International Monetary Fund, 2015) accessed December 30, 2024
Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

Summary

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.

Subject: Asset and liability management, Banking, Collateral, Debt restructuring, Distressed assets, Financial institutions, Financial sector policy and analysis, Loans, Nonperforming loans

Keywords: AMCs, Asset Quality Review, Bad bank, Bad debt, Balance Sheet Assesment, Book value, Collateral, Corporate restructuring, Debt market, Debt restructuring, Distressed assets, Europe, Global, Loan, Loan restructuring effort, Loans, Nonperforming loan, Nonperforming loans, NPL asset management companies, NPL disposal, NPL ratio, NPL resolution, NPL write-off, NPLs, Private equity, Problem loans, Resolution, Resolution target, Restructuring market, Restructuring npls, WP, Write-offs

Publication Details

  • Pages:

    31

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Working Paper No. 2015/024

  • Stock No:

    WPIEA2015024

  • ISBN:

    9781498337984

  • ISSN:

    1018-5941

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