NPL auction model highlighted

Category: NPLs ABS

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Online platform Debitos welcomes the European Commission's public consultation on the development of a secondary market for non-performing loans (SCI 11 July). The platform's auction process offers a potential model for dealing with Europe's NPL overhang by narrowing the bid/ask gap.

Debitos founder and md Timur Peters sees the consultation as a confirmation of his business concept.

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