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, DG FISMA
Corso Bavagnoli
Head of Department for Financing of the Economy, French Treasury
Gert Jan Koopman
Director General, DG ENEST, European Commission
Maria Demertzis
Leader, ESF, The Conference Board Europe
Marco Buti
Bruegel Non-resident Fellow
Reza Moghadam
Chief Economic Advisor, Millennium Capital Partners
Boštjan Jazbec
Governor, Bank of Slovenia
Sharon Donnery
Deputy Governor, Central Bank of Ireland
Piers Haben
Director of Banking Markets, Innovation and Consumers, European Banking Authority (EBA)
Arne Berggren
Chairman of the Board Risk Committee, Bank of Cyprus
Carola Schuler
Managing Director, Bank Analytics, Moody’s
Julien Wallen
Managing Director, Blackrock
John Davison
CEO, KKR/Pillarstone
Iker Beraza
Chief Financial Officer, Sareb
Vítor Constâncio
Former Vice President, European Central Bank
Giorgio Gobbi
Head of Financial Stability Directorate, Bank of Italy
TJ Lim
Deputy Chief Risk Officer, Unicredit Group
Emanuele Rosetti Zannoni
Managing Director, Cerberus
Brendan McDonagh
CEO, Nama
Inês Drumond
Deputy Head, Financial Stability Department, Bank of Portugal
Ajay Rawal
Partner, Ernst & Young
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