Certificate of completion issued to
Arnaud Kalusokoma
For completing
NPL Securitisation Pathway
Completion date
01 Mar 2024
Delivered by
Accredited for
Certificate ID
d07c989b496c41b3a47986f7297a068d
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About NPL Securitisation Pathway
3 Video modules
23 minutes of learning
4.9 rating
Competent level
A Non-Performing Loan (NPL) is essentially one that is 90 days past due and is deemed unlikely to pay (UTP). Securitisation of NPLs allows banks to transfer the credit risk associated with NPLs to investors and deleverage their exposures. In this pathway, Francesco Dissera delves deep into NPLs and explains their key features before explaining the securitisation process, the types of NPL securitisation and who uses it. Finally he provides a brief overview of bad banks and how they are used to house non-performing assets.
In this pathway
Understand the securitisation of non-performing loans
Identify the key features of NPLs
Explore the use of bad banks to manage non-performing assets
Pathway experts
Francesco Dissera
25 years: Securitisation
Francesco is a London-based experienced professional who spent the majority of his career in developing the EMEA ABS market: he has been involved in some of the most innovative transactions, focusing on both traditional and synthetic transactions. He has more than 24 years of investment banking and capital markets experience. Francesco started working at JP Morgan, then spent 14 years at UBS, building the securitisation and covered bond business across EMEA, before going on to lead the EMEA securitisation team at StormHarbour, Santander Continental Europe and Alantra. Francesco has originated and executed more than 80 ABS transactions across EMEA with a focus on FIG, Speciality Finance, Corporate and Government related assets.