Italian Securitisation Resources

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The European Central Bank (ECB) launched a public consultation on its Addendum to the Guidance to banks on non-performing loans.  The addendum supplements the NPL Guidance published on 20 March 2017 with regard to fostering timely provisioning and write-off practices. - Feedback due within Dec. 8, 2017. 

 

ECB stated “the draft addendum specifies quantitative supervisory expectations for minimum levels of prudential provisions for new NPLs. The prudential provisioning expectations will apply to all exposures that are newly classified as non-performing in line with the EBA definition as of 1 January 2018. These take into account the length of time a loan has been non-performing and the extent and valuation of collateral. More specifically, banks are expected to provide full coverage for the unsecured portion of new NPLs after 2 years at the latest and for the secured portion after 7 years at the latest.”

 

You can find the Addendum and the link to ECB public consultation webpage in the Regulation page

 

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RMBS Brera Sec. 2017 Intesa San Paolo S.p.A.
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Personal Loan Vela Consumer 2 2017 Banca Nazionale del Lavoro Spa
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CMBS BCC SME Finance 1 28 Italian Banche di Credito Cooperativo affiliated with Cassa Centrale BCC SME Finance 1 Srl 2017-12-06 
NPL GACS Popolare Bari NPLS 2017 Banca Popolare di Bari Scpa
Popolare Bari NPLS 2017 S.r.l. 2017-12-05 
Lease Receivable Adriano Lease Sec. 2017 Mediocredito Italiano Spa
Adriano Lease Sec. S.r.l. 2017-11-30 

DATE TITLE AUTHOR
2017-12-06 Italian Covered Bond Market - November 2017 130 Finance
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2017-11-20 ITALIAN TRUE SALES Data Snapshot Q4 2017 October, Interim Update 130 Finance
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DATE TITLE REFERENCE
2017-11-14 I tassi di recupero delle sofferenze nel 2016 Bank of Italy
2017-10-04 Guidance to banks on non-performing loans - Draft Addemdum - PUBLIC CONSULTATION - Feedback due within Dec. 8, 2017 ECB European Central Bank
2017-10-01 Guidance to banks on non performing loans for Italian Less Significant Institutions (LSI) - CONSULTATION DOCUMENT - Feedback due within Oct. 20, 2017 Bank of Italy
2017-09-22 Discussion Paper on Significant Risk Transfer in Securitisation – PUBLIC CONSULTATION - Submission of comments due within Dec. 19, 2017 EBA - European Banking Authority
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