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Italy’s experience of dealing with a large stock of troubled assets

This members-only event welcomed Paolo Angelini, Deputy Governor of the Bank of Italy, to discuss the Italian experience of NPL sales.

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At this invitation-only event we were delighted to host Paolo Angelini, Deputy Governor of the Bank of Italy.

The accumulation of non-performing loans (NPLs) and other troubled assets in banks’ balance sheets can generate financial system fragility. One way to mitigate it is the development of a secondary market in which banks can sell the troubled assets at competitive prices. We will discuss in more detail the experience of Italy, where NPL sales have contributed to a marked improvement of bank balance sheets.

This event is part of a monthly series of events focusing on finance, open to Bruegel members and a small number of institutional stakeholders.