Only those who could show one of the 3G (Tested Vaccinated Convalescent) certificates, which are now part of everyday life, were allowed into the Audi Maxx at the Frankfurt School of Finance. In addition, masks were compulsory in the meeting areas. Thus, all participants felt very safe and there were many interesting discussions during the breaks.
The predominant topic was the question of how the Corona pandemic affects the institutions, but also the service providers in receivables management. The unanimous opinion is that the feared NPL crisis has not yet manifested itself, at least not at present, but that customers are trying to find individual solutions in case of - mostly short-term - payment problems.
The current efforts of the European Union (EU) with regard to the sale of receivables are also being followed with interest. There are currently two topics in particular that concern sellers and buyers of NPL portfolios. In addition to the efforts towards a European NPL transaction and data architecture, these include the current negotiations within the EU on the directive on the sale of receivables by banks to a buyer in the secondary market. The haste with which the EU is now advancing these issues after a long period of hesitation, suggests that a negative development is expected with regard to NPL volumes in the member states.
The top-class speakers at the NPL Forum 2021 also focused on a European approach. In addition to the area of regulation, the topics of banking supervision and banking strategy were also comprehensively examined and put into a macroeconomic context.
For the Country Manager of Axactor Germany, Steffen Fink, the event was a complete success.
Translated with www.DeepL.com/Translator (free version)