The European Commission has launched a public consultation on possible initiatives to facilitate the development of secondary markets for NPLs and obtain feed-back from stakeholders in the following areas:

• To inform the EU Commission’s work on legislative measures that will remove or reduce impediments of secondary markets for non-performing loans and thereby facilitate their development
• Gather inputs regarding a possible legislative initiative to strengthen the ability of creditors to recover value from secured loans to corporates and entrepreneurs
• Gather views on an EU new security right called "accelerated loan security"

Comments are requested via an online questionnaire no later than 20 October 2017. Further to this work, the Commission will also launch an impact assessment with the objective of considering a possible legislative initiative to strengthen the ability of secured creditors to recover value from secured loans to corporates and entrepreneurs.

If you have any questions in relation to this, please contact Nick Smith