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Feed/COD2018/0063B(COD)Finance & Budget

Accelerated Extrajudicial Collateral Enforcement (AECE)

COMCMT1R-EP1R-C2R-EPCNCADO
Updated 21mo ago
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This procedure aims to simplify and speed up the process of enforcing collateral outside of court. It seeks to make it easier for lenders to recover assets when borrowers default, potentially reducing risks in the financial system.

This will primarily affect banks, financial institutions, and businesses involved in lending and borrowing. It could lead to faster resolution of defaulted loans and potentially lower costs for financial services.