News
Intrum Files for Bankruptcy Amid Industry Challenges
Intrum, Europe's largest debt collection agency, is entering Chapter 11 bankruptcy protection in the United States as part of a prepackaged restructuring plan. This move is aimed at reducing debt, extending repayment terms, and stabilizing the company's finances to...
Rising Risks Prompt Caution in APAC Private Debt Allocations
Institutional investors are becoming more cautious about allocating resources to the APAC private debt market, citing increasing geopolitical risks and regulatory complexities. Nonetheless, the market still offers opportunities for those who can navigate its...
EU Approves €35B Macro-Financial Loan to Support Ukraine
The EU has approved a 35 billion EUR macro-financial loan to support Ukraine amid its ongoing crisis. The assistance will be funded from frozen Russian assets, reinforcing the EU’s commitment to Ukraine’s economic stability and recovery. This initiative complements...
IFC Backs Ukraine’s Financial Innovation and NPL Strategy
IFC Partners with NBU to Boost Digital Financial Services The International Finance Corporation (IFC) has formed a strategic partnership with the National Bank of Ukraine (NBU) to accelerate digital financial innovation and address the country's non-performing loan...
Rising Loan Defaults Threaten Regional Banks’ CRE Portfolios
The U.S. commercial real estate (CRE) sector continues to confront significant pressures, with numerous mid-sized and regional banks now reporting increased non-performing loans (NPLs) in their office property portfolios. The persistent trend reflects the ongoing...
EU Directive Opens Cyprus’s Troubled Loan Market to Foreign Investors
In a move aimed at revamping Cyprus's financial sector, the Cypriot Parliament has adopted a new European Directive that allows foreign investors easier access to the country’s non-performing loan (NPL) market. By reducing entry barriers, the directive is expected to...
The Changing Landscape of Mortgage Servicing: A New Game Begins
The mortgage servicing landscape has been in flux due to recent interest rate fluctuations, creating opportunities and challenges for different market players. Some firms benefited from higher rates by expanding their mortgage servicing rights (MSR) portfolios, while...
European Loan Servicers Manage Rising Defaults with Minimal Distress
Loan defaults are rising across Europe due to economic pressures like inflation and high interest rates, especially affecting sectors like real estate and SMEs. However, widespread financial distress remains limited as loan servicers play a crucial role in...
EU Markets Watchdog Supports Move to Ease Securitisation Rules
The European Securities and Markets Authority (ESMA) has expressed support for easing securitisation regulations in the European Union. This move aims to foster growth in the sector by reducing stringent regulatory burdens while maintaining market stability. The...
Mortgage Arrears Continue to Decline as Non-Bank Entities Tighten Control
Mortgage arrears in Ireland continue to decline, but non-bank entities, commonly known as vulture funds, are solidifying their control of the market. Banks are aggressively offloading non-performing loans, with 61% of arrears now managed by non-bank entities. Despite...