Non-performing loans, between supervisory policies and the market

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Non-performing loans represent an element of fragility for the Italian banking sector and, at the same time, a promising type of investment for specialist intermediaries. Authorities have at times called for the problem to be “made safe” by selling off packages of non-performing loans, with serious potential repercussions on the profit and loss account and on the capitalization of banks.

At the same time there is still significant attention being paid to regulatory innovations which could make the collection process quicker and more efficient, with positive effects for the fair value of receivables under litigation. The market for the selling of bad debts appears lively from a quantitative and qualitative point of view (including thanks to innovative solutions of financial engineering based on tranching and public guarantee mechanisms), but price levels still strongly penalize sellers.

The theme of the conference, held in Milan on February 2, 2017, was the search for a virtuous interaction between new rules, supervisory policies and market players to help deal with the issue of non-performing loans without making it worse. The intention was to generate responses by bringing together policy makers, authorities and industry operators, including through greater attention to collection processes and the improvement of doubtful loans, and to the investment in reporting tools and data quality to support the necessary management actions.


9:00 - Welcome address
ANTONELLA SCIARRONE ALIBRANDI, Vice Rector, Professor of Banking Law, Università Cattolica del Sacro Cuore

9:15 - Speeches
Chair: ANDREA RESTI, Associate Professor, Bocconi University and Policy Advisor, European Parliament

The problem of NPLs from a European Perspective
MARIO NAVA, Director, DG Financial Stability and Financial Markets, European Commission

SSM guidance to banks on non-performing loan (NPL) management
ALESSANDRO SANTONI, Head of Crisis Management Unit, Single Supervisory Mechanism – ECB

A proposal to facilitate the reduction in NPL stock
PAOLO ANGELINI, Deputy Head of the Directorate General for Financial Supervision and Regulation, Bank of Italy

Determinants of NPLs in Europe and courses of action
GAETANO CHIONSINI, Senior Economist, European Banking Authority

Coming out of the NPL emergency: the contribution of specialist operators
ALBERTO SONDRI, Servicing Director, CRIF

The evolution of NPLs in Italy: determinants and prospects
GIANFRANCO TORRIERO, Deputy General Manager, Italian Banking Association

11:20 - Coffee break

11:50 - Round Table
The NPL market in Italy, prospects and possible actions

GIOVANNI BOSSI, Chief Executive Officer, Banca IFIS

PIERTOMMASO DE GIORGI, Problem Credit & Assets Department, Banca Monte dei Paschi di Siena

PAOLO PETRIGNANI, Chief Executive Officer, Quaestio SGR

ALESSANDRO VANDELLI, Chief Executive Officer, Banca Popolare dell’Emilia Romagna

13:00 - Q&A

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