Italian Securitisation Resources

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According to the recent amendments to the Italian law on securitisation SPVs are now allowed to purchase the asset securing securitised receivables - including real estate or other asset types deriving from leasing agreements (equipment, etc.), or acquire stakes in companies -, and to extend additional financing to securitised borrowers.

 

The main purpose of these amendments is to facilitate the securitisation of NPL for which there are prospects of return to bonis and encourage participation in bankruptcy auctions.

 

On March 20, 2017 ECB released the final version of its Guidance to Banks on Non-Performing Loans, in a context where high NPL levels have a negative impact on lending to the economy and on banks profitability.

 

You can find both documents in the Regulation page of the new release of our website

 

If you want to have an immediate highlight of the of the latest posts from our website go News page

 

ASSET CLASS DEAL NAME ORIGINATOR ISSUER DATE
RMBS 2017 Popolare Bari RMBS Banca Popolare di Bari Scpa
2017 POPOLARE BARI RMBS S.R.L. 2017-07-31 
Covered Bond Vela OBG - Series 10/2017 Banca Nazionale del Lavoro Spa Banca Nazionale del Lavoro S.p.A. 2017-07-28 
Lease Receivable INDIGO LEASE 2017 Banca Ifis Spa INDIGO LEASE S.R.L. 2017-07-25 
RMBS Civitas SPV 2017 Banca Popolare di Cividale Scpa
Civitas SPV Srl 2017-07-19 
NPL GACS Elrond NPL 2017 Credito Siciliano S.p.A.
Elrond NPL 2017 S.r.l. 2017-07-14 

DATE TITLE AUTHOR
2017-09-18 ITALIAN TRUE SALES Data Snapshot Q3 2017 August, Interim Update 130 Finance
2017-09-06 Italian Covered Bond Market - August 2017 130 Finance
2017-09-04 Italian Securitisation Market - August 2017 130 Finance
2017-07-19 NPL Investor Demand - June 2017 130 Finance
DATE TITLE REFERENCE
2017-08-24 Development of secondary markets for non-performing loans and distressed assets and protection of secured creditors from borrower's default - CONSULTATION DOCUMENT - Feedback due within Oct. 20, 2017 European Commission
2017-08-01 Capital treatment for simple, transparent and comparable short-term securitisations - Consultative document BCBS - Basel Committee on Banking Supervision
2017-08-01 Criteria for identifying simple, transparent and comparable short-term securitisations - Consultative document BCBS - Basel Committee on Banking Supervision
2017-07-06 Recent amendments to the Italian Securitization law 130/1999 Bank of Italy
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