Messa in sicurezza del mercato bancario: problematica dei crediti deteriorati e resilienza degli intermediari (Safety measures for the banking industry: problems due to non performing exposures and resilience of credit institutions)

This paper analyses certain operations aimed to strength the resilience of European credit institutions by reducing their non performing exposures. According to the current regulatory requirements, banks need to improve the quality of their assets or to increase their own funds. This is the reason why this research will move from the evolution of the single mechanisms of supervision and resolution, focusing on the new approach of ECB under the banking union, after the sentence no. T122/2015. In this context, the paper will focus on the opportunity raising from the asset management tools, whose effectiveness relies on the rules set forth by directive 2011/61/EU. Therefore, we will investigate the operations based on alternative investment funds designed to acquire non performing loans from banks. Hence, the research will highlight the possibility that any improvement of the asset quality will help credit institutions in being compliant to the latest supervisory standards.