We are delighted to announce that the second edition of
guidebook "Performing and Non-Performing Loan
Transactions Across the World – A Practical
Guide" is available. The book which is published by
the renowned Euromoney publishing house highlights the features of
loan trade on a domestic and international scale. The
1st edition from 2009 was sold and the 2nd
edition is an updated and extended version.
With the beginning of the global credit crisis in 2008 a lot of
investors were caught by the turmoil in the financial markets.
Banks were focusing on surviving and keeping their banks operating.
As a consequence of the financial crisis the volume of
non-performing loans on banks' balance sheets has increased and
large volumes of non-core loans have been identified as a result of
the banks' restructuring efforts in the wake of the financial
crisis. Furthermore, banks as market participants in primary and
secondary markets have been regularly replaced by funds, and
restructurings often have many more stakeholders at the table than
they did before the credit crisis.
In addition, since the financial crisis, the regulatory
framework within which the transactions of performing and
non-performing loans take place has changed significantly. Banks
now have to comply with the new requirements imposed by Basel
III/CRD IV. More specifically, banks will have to comply with the
core capital ratios and the less leveraged balance sheets
requirement. Furthermore, banks need henceforth to have a stronger
liquidity and equity basis.
Also in the light of the current ECB asset quality review, that
is expected to be completed by November 2014, the pressure for the
banks to clean up their balance sheets is getting stronger.
Affected financial institutions will be forced to assess the
relative value and regulatory capital cost of assets that attract
too much capital. In this light, non-performing shipping loans
should receive a particular attention, especially in Germany. At
the same time big performing and non-performing transactions took
place recently due to a new strategic orientation. The recent surge
of non-performing real estate assets falling out of commercial
mortgage-backed securities transactions (CMBS) and bad banks have
also posed a new dynamic in the topic. Concerning CMBS some key
points about the information given to the parties to the
transaction should be kept in mind and are stressed out in this
All of this together will add some fuel in the active market for
international performing, sub-performing and non-performing loan
We were able to enlist high-profile professionals working with
investors, banks, servicing companies, law firms and auditors as
authors. The expertise of these 40 contributors as well as the
global approach allow the reader to gain profound insight into the
complex matter and render this book one of the most comprehensive
guides on the subject currently on the market.
We hope that you will enjoy reading our book as much as we
enjoyed writing and editing it.
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on legal issues and developments of interest. The foregoing is not
a comprehensive treatment of the subject matter covered and is not
intended to provide legal advice. Readers should seek specific
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