Targeted consultation on improving transparency and efficiency in secondary markets for NPLs: EBF response
BRUSSELS, 9 September 2021 – The EBF and its banks stand ready to engage in a dialogue about alternatives to use information for the enhancement of the secondary market for NPLs, taking into account the circumstances, the costs and the expected benefits.
We do not see relevant value in establishing a general and mandatory NPL data hub where only sellers are obligated to report. However, data on post-execution recoveries seems the most relevant to share and the EBF stands ready to discuss in detail how to make progress on this area within terms of level-playing field.
FOR MORE INFORMATION:
Gonzalo Gasos, Senior Director of Prudential Policy & Supervision, email@example.com
ABOUT THE EBF:
The European Banking Federation is the voice of the European banking sector, bringing together national banking associations from across Europe. The EBF is committed to a thriving European economy that is underpinned by a stable, secure and inclusive financial ecosystem, and to a flourishing society where financing is available to fund the dreams of citizens, businesses and innovators everywhere. Website: www.ebf.eu