According to the recent amendments to the Italian law on securitisation SPVs are now allowed to purchase the asset securing securitised receivables - including real estate or other asset types deriving from leasing agreements (equipment, etc.), or acquire stakes in companies -, and to extend additional financing to securitised borrowers.
The main purpose of these amendments is to facilitate the securitisation of NPL for which there are prospects of return to bonis and encourage participation in bankruptcy auctions.
On March 20, 2017 ECB released the final version of its Guidance to Banks on Non-Performing Loans, in a context where high NPL levels have a negative impact on lending to the economy and on banks profitability.
You can find both documents in the Regulation page of the new release of our website
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|ASSET CLASS||DEAL NAME||ORIGINATOR||ISSUER||DATE|
|RMBS||2017 Popolare Bari RMBS||Banca Popolare di Bari Scpa
||2017 POPOLARE BARI RMBS S.R.L.||2017-07-31|
|Covered Bond||Vela OBG - Series 10/2017||Banca Nazionale del Lavoro Spa||Banca Nazionale del Lavoro S.p.A.||2017-07-28|
|Lease Receivable||INDIGO LEASE 2017||Banca Ifis Spa||INDIGO LEASE S.R.L.||2017-07-25|
|RMBS||Civitas SPV 2017||Banca Popolare di Cividale Scpa
||Civitas SPV Srl||2017-07-19|
|NPL GACS||Elrond NPL 2017||Credito Siciliano S.p.A.
||Elrond NPL 2017 S.r.l.||2017-07-14|
|2017-09-18||ITALIAN TRUE SALES Data Snapshot Q3 2017 August, Interim Update||130 Finance|
|2017-09-06||Italian Covered Bond Market - August 2017||130 Finance|
|2017-09-04||Italian Securitisation Market - August 2017||130 Finance|
|2017-07-19||NPL Investor Demand - June 2017||130 Finance|
|2017-08-24||Development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrower's default - CONSULTATION DOCUMENT - Feedback due within Oct. 20, 2017||European Commission|
|2017-08-01||Capital treatment for simple, transparent and comparable short-term securitisations - Consultative document||BCBS - Basel Committee on Banking Supervision|
|2017-08-01||Criteria for identifying simple, transparent and comparable short-term securitisations - Consultative document||BCBS - Basel Committee on Banking Supervision|
|2017-07-06||Recent amendments to the Italian Securitization law 130/1999||Bank of Italy|