From bad banks to guaranteed ABS

• Autores: Carmelo Raimondo
• Localización: International financial law review, ISSN-e 0262-6969, Vol. 35, Nº. 11 (3/21/2016), 2016
• Idioma: inglés
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• Resumen

  • The article discusses the Italian government's strategy for disposing non-performing loans (NPL). Topics covered include the introduction of Garanzia Cartolarizzazione Sofferenze (GACS) through law decree No. 18, explanation of how the guarantee mechanism works, legal analysis of the GACS, commercial considerations and chances for the success of GACS.