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EBF_045300 8 September 2021TARGETED CONSULTATION ON IMPROVING TRANSPARENCY AND EFFICIENCY IN SECONDARY MARKETS FOR NONPERFORMING LOANS The European Banking Federation (EBF) acknowledges the importance
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Identify the root cause of non-performance
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Managers and supervisors who are responsible for managing employee performance
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Resolution strategies for non-performing assets involve developing plans to deal with loans or investments that are not meeting expectations in order to minimize losses and maximize recovery.
Financial institutions, lenders, or investors who have non-performing assets are required to file resolution strategies.
Resolution strategies for non-performing can be filled out by detailing the actions that will be taken to address the non-performing assets, including potential workouts or liquidation plans.
The purpose of resolution strategies for non-performing is to outline a plan for addressing non-performing assets in a way that minimizes financial losses for the institution.
Information such as details of the non-performing assets, the reasons for underperformance, proposed actions to address the issues, and expected outcomes must be reported on resolution strategies.
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