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European NPLs through the crisis: a policy review

European NPLs through the crisis: a policy review PurposeThe 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/approachThe authors review policy lessons from the crisis in dealing with the NPL problem.FindingsThe paper highlights some key recommendations – the need for intrusive supervision, strong macro-financial surveillance and NPL resolution approaches that provide the right incentives.Originality/valueThese recommendations can help inform the current debate regarding regulatory and structural initiatives to tackle NPLs. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Financial Regulation and Compliance Emerald Publishing

European NPLs through the crisis: a policy review

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
1358-1988
DOI
10.1108/JFRC-02-2017-0029
Publisher site
See Article on Publisher Site

Abstract

PurposeThe 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/approachThe authors review policy lessons from the crisis in dealing with the NPL problem.FindingsThe paper highlights some key recommendations – the need for intrusive supervision, strong macro-financial surveillance and NPL resolution approaches that provide the right incentives.Originality/valueThese recommendations can help inform the current debate regarding regulatory and structural initiatives to tackle NPLs.

Journal

Journal of Financial Regulation and ComplianceEmerald Publishing

Published: Nov 13, 2017

References