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Tackling Europe’s non-performing loans crisis: restructuring debt, reviving growth

How can we connect the different initiatives for NPL resolution and identify an agenda that is shared between EU, national authorities and the private

Speakers

John Berrigan

Director-General, European Commission, European Commission, DG FISMA

Piers Haben

Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA),

TJ Lim

Deputy Chief Risk Officer, Unicredit Group,

Given a number of initiatives within the ECB, at EU and national level, NPL resolution has moved centre stage in the European policy discussions. Bank restructuring in key euro area countries in the context of the new resolution directive will need to rely on market-based solutions to distressed debt to a much greater extent.

The objective of the event was to connect the different initiatives in the banking, legal and restructuring fields, and to identify an agenda that is shared between EU, national authorities and the private sector.

This event was only open to a small number of selected invitees and Bruegel Members.  The event was held under Chatham House rule.

Read the keynote speech by Vítor Constâncio, Vice-President of the ECB