| Přispěvatelé: |
Mayer, Colin, Micossi, Stefano, Onado, Marco, Pagano, Marco, Polo, Andrea, Bruno, Brunella, Lusignani, Giuseppe |
| Popis: |
This chapter proposes a comprehensive, pan-European way of addressing the issue of non-performing exposures. We contend that securitization is the most effective way for banks to sell the bulk of their troubled loans. To this end, we propose a numerical example to describe the main characteristics of a common scheme of securitization to be applied at the European level. Such a scheme, as a European blueprint for implementation at the national level, is meant to attract funds from a wide array of investors, with a public support compatible with the current rules on state aid. |
