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German implementation of NPL Directive creates secondary market for non-performing loans

17/09/2024

The German regulator has implemented the Directive (EU) 2021/2167 on Credit Servicers and Credit Purchasers (NPL Directive) via the Secondary Credit Market Act (Kreditzweitmarktgesetz – KrZwMG) for non-performing loans. The KrZwMG, which was enacted shorty before...

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Authors

Portrait ofMoritz Gerstmayr
Moritz Gerstmayr, LL.M. (La Trobe University Melbourne)
Counsel
Frankfurt