Non-Performing Loans Directive. A Commentary - Andrea Miglionico

Key Features:

Addresses the potential impact of the Directive across EU Member StatesExplores credit servicing activities for consumers in relation to licensing and authorising requirementsExamines the function and operation of service providers and credit servicers with respect to consumer credit agreementsEvaluates the Directive’s supervisory framework and asset classification, with particular attention to the role of the European Securities and Markets Authority and its convergence with national legislation

This Commentary is an essential point of reference for practitioners and legal professionals in law firms with a banking and financial services regulation practice, as well as asset management companies, commercial and investment banks and international financial institutions. It is also a valuable resource for scholars and students of banking law, specifically the regulatory treatment of credit servicers and credit service providers.

This authoritative Commentary analyses the EU credit servicers directive, which represents a notable step towards legislative reform in the debt recovery framework. It provides an in-depth examination of the necessary legislative reform which serves to expedite the development of secondary markets for Non-Performing Loans.