Public State guarantee for Italian securitisations of non-performing loan receivables becomes final through conversion of the Banks' Law Decree (April 2016)
Law decree no. 18 dated 14 February 2016 known as the "decreto banche" (the
"Banks' Law Decree") introduced a set of measures aimed at fostering the
disposal by Italian banks of their portfolios of non-performing loans. The
measures have been finalized following the conversion with amendments of the
Bank's Law Decree into law no. 49 of 8 April 2016 (the "Conversion Law").This briefing looks at the main amendments introduced by the Conversion Law.