MyCredit at Senate hearing for first social securitisation project in Italy
19/01/2024
REVIEWS
Mirko Tramontano, CEO of MyCredit, participated on 16 January 2024, in the Senate hearing on 'The network to protect businesses and jobs to preserve the value of the country'.
After an in-depth analysis of the situation of NPL market before and after the 2008 crisis, Tramontano illustrated the critical issues surrounding NPLs and how the current difficult situation has come about, highlighting the need for concrete action.
On this occasion, Tramontano presented the first Social Securitisation project, created by MyCredit with the aim of helping that category of debtors, made up of families and businesses, who often lack the tools and strength to return in bonis according to the established procedures and timeframes.
Social Securitisation, which was created as a rationale for the Debtor Protection Act, in fact offers families the possibility of preserving their homes despite the fact that they have had difficulties in repaying instalments and their positions have been passed over for non-performing loans.
The full intervention is available, from minutes 1:36:22 - 2:05:44, here.
