Greek NPLs: New rules for debt managers and funds
Around the middle of October, the Ministry of National Economy and Finance is expected to submit the new draft law which brings order in the market for the management and collection of non performing loans. After the irregularities, and especially with regard to the part of informing debtors, the bill - which the government is working on brings an upgrade of the information systems of the funds as they will inform the supervisor in real time through a platform. The ministry is expected to give time to the companies in question to make the system adjustments related to the update.