Council conclusions on Action plan to tackle non-performing loans in Europe

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Series Details 11173/17
Publication Date 11/07/2017
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Summary:

Set of conclusions adopted by the Council of the European Union on 11 July 2017, setting out guidelines for an Action Plan aimed at tacking Non-Performing Loans (NPLs) in Europe.

Further information:

NPLs are bank loans that are more than 90 days past-due or are unlikely to be repaid in full without requiring the sale of collateral.

The conclusions outline a mix of policy actions to help reduce stocks of NPLs and to prevent future emergence. On the basis of an expert report, the Council highlighted the need for action as regards:

  • bank supervision;
  • the reform of insolvency and debt recovery frameworks;
  • the development of secondary markets for NPLs ('distressed assets');
  • restructuring of the banking industry.

The set of conclusions was adopted during a meeting of the Council of the European Union on 11 July 2017.

Source Link https://data.consilium.europa.eu/doc/document/ST-11173-2017-INIT/en/pdf
Alternative sources
  • http://www.consilium.europa.eu/en/press/press-releases/2017/07/11-conclusions-non-performing-loans/
Related Links
Official
General Secretariat of the Council: Report of the FSC Subgroup on Non-Performing Loans (May 2017) https://data.consilium.europa.eu/doc/document/ST-9854-2017-INIT/en/pdf
Council of the European Union: Press Release, 11/07/2017: Banking: Council sets out action plan for non-performing loans http://www.consilium.europa.eu/en/press/press-releases/2017/07/11-banking-action-plan-non-performing-loans/

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