SAFE-CEPR Policy Webinar: How to tackle a wave of non-performing loans (NPLs) in the aftermath of COVID-19?

19 May 2021 16:00 PM
19 May 2021 17:00 PM

The event is jointly organised by SAFE and CEPR, under the European Economic Architecture Research and Policy Network. 

SAFE-CEPR Policy Webinar
How to tackle a wave of non-performing loans (NPLs) in the aftermath of COVID-19?

Watch the live stream
Once moratoria and other COVID-19 support measures unwind, European banks will likely be confronted by a new wave of non-performing loans (NPLs). To prevent a future build-up of NPLs, the European Commission has presented a NPL action plan. The main goals of the action plan include: further development of the secondary markets for distressed assets; reform of the EU’s corporate insolvency and debt recovery legislation; support for the establishment and cooperation of national Asset Management Companies; and, implementation of precautionary public support measures.

The panel will debate questions associated with the NPL action plan. Are the tools proposed efficient and effective to address the NPL problem? What are the central factors for NPL resolution? Does the action plan ultimately provide better mechanisms to identify zombie firms? Finally, does the effort to reduce the ratio of NPLs in the balance sheets of financial institutions generate unintended systemic consequences in times of crisis?  

This event will take place online on Wednesday 19 May 2021, 16:00 - 17:00 CEST. There will be three short presentations from: 

  • Thorsten Beck (Florence School of Banking & Finance, Bayes Business School and CEPR)
  • Andrea Enria (European Central Bank)
  • Loriana Pelizzon (Leibniz Institute for Financial Research SAFE and CEPR)

These presentations will be followed by a Q&A session moderated by Tim Phillips (CEPR).