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ARTICLE · 29 JUNE 2017

Securitization In Italy: New Market-Friendly Rules Enacted

Jones Day
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The Italian Parliament recently approved the Conversion Law of Decree no. 50, dealing with, among others, securitization regulations.

ItalyFinance and Banking
Marco Lombardi
Marco Lombardi
Francesco Squerzoni
Francesco Squerzoni
Vinicio Trombetti
Vinicio Trombetti
Luca Ferrari
Luca Ferrari
Marco Frattini
Marco Frattini
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In Short

The Situation: The Italian Parliament recently approved the Conversion Law of Decree no. 50, dealing with, among others, securitization regulations.

The Result: The Conversion Law expands the scope of the "Law 130 Vehicle" for the sale of certain securitized assets due to an insolvency or restructuring.

Looking Ahead: The new provisions should attract new investment and make it easier for banks and other financial intermediaries to dispose of nonperforming leases and other claims.

On June 15, 2017, the Italian Parliament approved the Conversion Law of Decree no. 50 of April 25, 2017 ("Conversion Law"). The Conversion Law includes a review of the legal framework applicable to Italian securitization transactions. The Conversion Law provides for significant changes aimed at attracting new investments and facilitating the disposal of distressed claims ("crediti deteriorati") (including nonperforming, unlikely to pay, and forborne claims) as well

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