European NPLs through the crisis: a policy review

Nadege Jassaud and Edouard Vidon

Journal of Financial Regulation and Compliance, 2017, vol. 25, issue 4, 413-421

Abstract: Purpose - The unfolding of the financial crisis in parts of Europe has highlighted a number of challenges which can be analysed through the prism of NPLs. These included the discrepancies across supervisory regimes, the limitations of macro-prudential supervision and the diversity of NPL resolution approaches. Design/methodology/approach - The authors review policy lessons from the crisis in dealing with the NPL problem. Findings - The paper highlights some key recommendations – the need for intrusive supervision, strong macro-financial surveillance and NPL resolution approaches that provide the right incentives. Originality/value - These recommendations can help inform the current debate regarding regulatory and structural initiatives to tackle NPLs.

Keywords: Insolvency; Supervision; Systemic risk; Resolution; Banking crisis; Banking regulation (search for similar items in EconPapers)
Date: 2017
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Persistent link: https://EconPapers.repec.org/RePEc:eme:jfrcpp:jfrc-02-2017-0029

DOI: 10.1108/JFRC-02-2017-0029

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