Rough policy notes on Veneto Banca and Banca Popolare di Vicenza (V&V)
Jonathan Algar

Anon PM: NPL resolution still takes too long, but the crisis had been forcing them to do reform — that pressure has now been lifted, which is really a waste. It often goes unsaid how much of a difference faster enforcement and record could make. Cut down 7 years to 2 and prices go up >50% for NPLs