Pic© Eleassar
Category: NPLs
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Iain Balkwill, partner at Reed Smith, argues that securitisation is the answer to European NPL woes
The balance sheets of European banks are currently stocked with huge volumes of non-performing loans (NPLs), which have largely festered while the banks have channelled their efforts towards recapitalisation. As recently demonstrated by the European Banking Authority stress tests, balance sheets have largely been strengthened, which has precipitated a marked shift in focus towards deleveraging the banks through the off-loading of NPLs.
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