Commentary

New Catalonian Social Rent Decree Risks Delay of Recoveries in Spanish RMBS and NPLs

RMBS, Covered Bonds, Nonperforming Loans

Summary

On 5 February 2020, the Catalan Parliament approved the Catalan Decree Law 17/2019, of 23 December. The new law aims to promote access to residential housing for economically vulnerable borrowers. However, it risks recovery delays and could negatively affect cash flows should borrowers get into financial distress. Read more in the commentary below.

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