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New measures for the securitization of NPLs

CMS Newsletter Italia | 20 giugno 2017

20/06/2017

On June 15, 2017, the Italian Parliament approved Draft Law No. 2853, converting Law Decree No. 50/2017 and amending, inter alia, Law No. 130/1999 (the "Securitisation Law"). The purpose of the amendments is to simplify and incentivize the securitization of receivables qualified as “impaired” (crediti deteriorati) (NPLs) originated by Italian banks and the so-called “106 financial intermediaries” (intermediary finanziari, i.e. financial companies that are registered in the Financial Intermediaries Registry under art. 106 of the Italian Consolidated Banking Act, Legislative Decree no. 385/1993, “TUB”).

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CMS Newsletter Italia | 20 giugno 2017
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Authors

Picture of Paolo Bonolis
Paolo Bonolis
Partner
Rome
Picture of Maria Giovanna Pisani
Maria Giovanna Pisani
Counsel
Rome