38th IBA International Financial Law Conference
10 May - 12 May 2023
Verdi Room, Dom Pedro Lisbon
Session information
Loan portfolio sales – servicing regulation and secondary markets
Thursday 11 May (0945 - 1100)
Verdi Room, Dom Pedro Lisbon
Committee(s)
Banking & Financial Law Committee
(Lead)
Securities Law Committee
(Lead)
Description
Loan sales have been used by banks as an important tool to clean up their balance sheets since the 2007–2008 financial crisis. Regulators have encouraged these sales aiming to drive down banks’ non-performing loan (NPL) ratios. Private equity funds have invested hundreds of billions of euro in this asset class giving rise to customer protection concerns because these funds are perceived to have different strategic aims compared to traditional bank lenders. In a fast-changing interest rate environment in 2023, increased volumes of loan sales are expected.
This panel will discuss how loan sale transactions have evolved in different jurisdictions and what we might expect into the future. In particular, the panel will focus on the extent to which financial services regulation is shaping the market, including the regulation of non-bank credit servicers.
Session / Workshop Chair(s)
| Martin Ebner | Schoenherr, Vienna, Austria; Chair, Banking Regulation Subcommittee |
| Josh Hogan | McCann FitzGerald LLP, Dublin, Ireland; Website Officer, Banking & Financial Law Committee |
Speakers
| Giuliana Durand | Cappelli Riolo Calderaro Crisostomo Del Din & Partners Studio Legale , Milan, Italy; Vice Chair, Derivatives Subcommittee |
| Rodrigo Formigal | Abreu Advogados, Lisbon, Portugal |
| António Nogueira Leite | Hipoges, Lisbon, Portugal |
| Angel Perez Lopez | Uria Menendez, Madrid, Spain |