Italian Senate

Proposal for a DIRECTIVE OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL on credit servicers, credit purchasers and the recovery of collateral

Scrutiny details

Subsidiarity deadline: 11/06/2018
Scrutiny Information

Scrutiny date: 21/03/2019

Subsidiarity Concern:

No Important information to exchange

No Veto

Information on parliamentary scrutiny

Referred to the Senate Committee on Finance.

Lisbon Treaty procedures
  Political Dialogue

09/08/2019 | Reply from the Commission

10/06/2019 | Resolution
On 11 April 2019 the Finance Committee issued a resolution endorsin git, with the following qualifications on its merits:

1) financial stability, including non-performing exposures, should not be considered separately from overall macroeconomic stability;
2) the decision of the European Parliament and Commission to agree on a measure dealing merely with non-performing exposures lacks a comprehensive approach;
3) it is necessary to establish an EU regulatory instrument to tackle the issue of a public mechanism to manage credits cleared by banks;
4) an assessment should be performed of conduct rules applicable to loan servicers and measures safeguarding credit purchasers;
5) it is important that the Government evaluate the consequences of any measures that may lead banks to accelerate the discharge of non-performing loans;
6) the Government should urge the EU institutions to appropriately assess the impact on debtors, including real estate market dynamics;
7) the directive under scrutiny should be enforced domestically (in Italy) through dedicated legislation.

A file in italian is attached, along with a translation in english.

Contact points for EU matters

IPEX Correspondents:
Phone: +39 06 6706 3992  Email Mrs. Laura Lo Prato Phone: +39 06 6706 3737  Email Ms. Lorella Di Giambattista
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