This is a snapshot of the first of two technical documents providing details for the valuation of illiquid loans in workout.
This article defines non-performing loans (NPL) from a legal, regulatory and accounting view and distinguishes NPL from other under-performing loans, such as loans categorized in Stage 2 of the IFRS 9 loan loss provision framework and loans subject to distressed restructuring or forbearance measures.
You can access the full technical paper by clicking here:
NPL Markets – Regulatory demands benefit market for non-performing loans
