Italy's Treasury distances itself from proposal on bad loan market

ROME - Italy's Treasury has no plans to adopt measures impacting the country's 307 billion euro bad loan market, a ministry source said on Wednesday, after some ruling lawmakers resubmitted a measure to protect borrowers if they fall behind in repaying bank debts.

Italy's non-performing loan market is the largest in Europe. The way it works is that investors buy bundles of soured loans at a discount from banks which are keen to get them off their balance sheets. The four lawmakers have been trying to relaunch an amendment that had already been rejected in September with the aim of making it easier to apply the initial legislation.

In a bulk sale of credits, the relevant price for the market is that of the overall portfolio, which is an average of the prices of the single loans.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

The $26 trillion Treasury market is showing resilience in a year of extreme volatility, regulators sayJoy Wiltermuth is a news editor and senior markets reporter based in San Francisco.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Today: Dow ends higher, but rising Treasury yields keep lid on gainsStock Market Today: Dow ends higher, but rising Treasury yields keep lid on gains
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Stocks slide, Treasury yields rise as bears test peak rate betsStocks are closely tracking Treasury yields Tuesday, ahead a key three-day run of new bond auctions, as markets test recent bets on peak Fed rates.
Source: startelegram - 🏆 248. / 63 Read more »