The recovery of non-performing loans and the management of likely defaults are, in essence, a form of art. As such, they hold the secrets of the “guild” and require the verbal exchange of knowledge; hence the opportunity to meet again in Verona to allow the “workshops” and their “artists” to share their experiences. New rules (a new crisis code and a new civil procedure reform) are forcing us to challenge consolidated practices. All this in the face of a persistent difficult economic situation, which makes the art of recovery and management increasingly challenging and increasingly subject to uncertainty. Added to this are doubts about a possible financial crisis.

The 2021 edition – one year after the start of the pandemic – was marked by confusion, by the Krísis and, therefore, by choice and decision. The 2022 edition – with the ongoing health crisis and the resulting economic and social crisis – can be defined as Schmitt’s “state of exception” (Ausnahmezustand), where ordinary rules are broken, changed, and given new and unexpected connotations.
NPEs originate from a state of emergency; we could say that – in varying degrees of intensity – UTPs and NPLs are ontologically emergency situations. The NPE issue itself exploded in 2015-2016, because of its macroeconomic impact (everyone remembers the € 349 billions hanging over Italian banks’ balance sheets) and gave rise to new market operators, that, over the years, have evolved considerably, as have the sector’s operations, while remaining within the scope of a state of emergency (to be distinguished from a state of exception). The viral pandemic forced us into a true and proper state of exception. Historically every society develops its specific methods to manage and hopefully overcome their existential crises that can seriously threaten the foundations of the society itself. From Mesopotamia (with the debt jubilee in 2400 BC in Ebla) to Israel (with the scapegoat ritual), and then ancient Greece (with the pharmákōi ritual), human beings have invented social, economic and legal technologies to go back to a normal state that can guarantee social cohesion.

Since 2005, Alma Iura has been providing banking and financial consultancy services and, since 2014, has been organising the National Congress on Jurimetrics, Banking and Finance with the aim of addressing the sector’s most sensitive issues at a high technical and scientific level. Alma Iura’s Department of Financial Mathematics for Law has been offering its expertise, professionalism, independence and experience in the field of NPLs and UTPs to major Italian credit institutions and servicers for years and in addition is constantly seeking to engage with leading experts in the field.

Since 2005, Alma Iura has been providing banking and financial consulting services and, since 2014, has been organising the National Congress on Jurimetrics, Banking and Finance with the aim of addressing the most important issues in the sector from a highly technical and scientific perspective. For years, Alma Iura’s Department of Financial Mathematics for Law has been putting its expertise, skills, independence and experience in the field of NPLs and UTPs at the service of major Italian credit institutions and servicers, and is constantly seeking collaboration with leading experts in the field.

The topic chosen for the 6th edition of the National Congress on Jurimetrics, Banking and Finance is the most relevant one today for banks and servicers, i.e. the NPLs and UTPs sector. The conference wants to address and explore the topic from different perspectives (regulators, credit institutions, servicers and lawyers), discussing models, reviewing deals, suggesting outlooks and helping seize opportunities. Participants include industry leaders eager to meet new business partners and explore trends: i.e. investors, credit institutions, servicers, rating agencies and advisors.