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The SSM and the prudential regime of non-performing loans

Miglionico, A. (2019) The SSM and the prudential regime of non-performing loans. In: Lo Schiavo, G. (ed.) The European Banking Union and the Role of Law. Elgar Financial Law Series. Edward Elgar Publishing, Cheltenham, pp. 197-214. ISBN 9781788972017

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To link to this item DOI: 10.4337/9781788972024.00017

Abstract/Summary

In the aftermath of the global financial crisis, the rapid rise of non-performing loans (NPLs) showed the fragility of the banking system and the lack of harmonized regulatory regime to address the systemic risk of failing banks. The deterioration of NPLs in the balance sheet of credit institutions represents a real concern for the supervisory authorities and constitutes a challenge for regulators and market actors. This chapter examines the supervision of NPLs taking into consideration the architecture of Single Supervisory Mechanism (SSM) and the role of European Central Bank (ECB) to monitor non-performing exposures. The new supervisory toolkit implemented in the European Banking Union aims to improve the classification of asset quality and to establish common practices to resolve NPLs. This chapter argues that the intricate structure of the preventive measures to reduce the risk of lending defines a new landscape in the prudential treatment of NPLs.

Item Type:Book or Report Section
Refereed:Yes
Divisions:Faculty of Arts, Humanities and Social Science > School of Law
ID Code:83491
Publisher:Edward Elgar Publishing
Publisher Statement:This is a draft chapter. The final version is available in The European Banking Union and the Role of Law edited by Gianni Lo Schiavo, published in 2019, Edward Elgar Publishing Ltd http://dx.doi.org/10.4337/9781788972024 The material cannot be used for any other purpose without further permission of the publisher, and is for private use only.

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