Foreigners take command of German non-performance



In September, Hypo Real Estate Bank (HRE) sold e3.6 billion in real estate-related loans to Texas-based Lone Star, one of the world’s most prolific buyers of distressed assets. This deal was touted as the largest of its kind and contained e2.48 billion of non-performing loans (NPLs), the balance being sub-performing or on a watch list.

Despite the emergence of a deal of this size – which was quickly followed by another e394 million portfolio sold by HRE to Citigroup and Morgan Stanley, and

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Credit risk & modelling – Special report 2021

This Risk special report provides an insight on the challenges facing banks in measuring and mitigating credit risk in the current environment, and the strategies they are deploying to adapt to a more stringent regulatory approach.

The wild world of credit models

The Covid-19 pandemic has induced a kind of schizophrenia in loan-loss models. When the pandemic hit, banks overprovisioned for credit losses on the assumption that the economy would head south. But when government stimulus packages put wads of cash in…

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