Aufsichtsrat
To prepare for the likely new wave of NPLs, the ECB's Supervisory board chair Andrea Enria has proposed the creation of a European Bad Bank and has imposed a ban on dividend distribution by banks, in a move to pressure banks to proactively tackle NPLs. The ECB has also indicated to work on the development of an "Amazon-style" platform to allow banks and investors to trade NPLs on a secondary market.