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This independent report has been written by University of Cambridge professor Dr Felix Steffek. It marks an important milestone in the Commission’s work on non-performing loans by presenting an overview of individual and collective loan enforcement laws in the Member States.
In 2017, the Council asked the Commission to publish a benchmarking of national loan enforcement regimes to understand better to which extent national enforcement regimes are effective in recovering value from defaulted loans and identify areas for improvement.
Today’s report, which has been anonymised, delivers on the qualitative part of the insolvency benchmarking exercise. The report follow-up on the questionnaire addressed to Member States to gather data on national law frameworks. The findings of the report will feed into the ongoing bank survey conducted by the European Banking Authority on rates and speed of loan recovery across Member States. The final results of that survey are expected in 2020.