New NPL Law In Germany - Financial Services
انتشار: دی 19، 1402
بروزرسانی: 04 تیر 1404

New NPL Law In Germany - Financial Services


09 January 2024

Mayer Brown

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New NPL Law in Germany: German Secondary Credit Market Act– Revitalization of the Non-Performing Loans Market and Creating New Market Opportunities?

On 30 December 2023 the German Secondary Credit Market Promotion Act (Kreditzweitmarktförderungsgesetz) entered into force, which simplifies dealing in non-performing loans ("NPLs") by introducing a new law, the German Secondary Credit Market Act (Kreditzweitmarktgesetz).

The Secondary Credit Market Act transposes EU Directive 2021/2167 on credit servicers and credit acquirers of 24 November 2021 ("Credit Servicer Directive") into German law.

This new law could significantly change the market for NPLs.

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FinReg Monitoring - November 2023

Liedekerke Wolters Waelbroeck Kirkpatrick

Please find attached the monitoring report for the period 1 November to 30 November 2023.



منبع: http://www.mondaq.com/Article/1410062