While the tracker mortgage issue has now largely been dealt with, the banking sector is entering into a new era of more prescriptive regulation from a number of sources including the Central Bank of Ireland, the European Banking Authority, the ECB, and the Single Supervisory Mechanism.
In this climate, banks will no longer hold onto non-performing loans for any extended period of time. Disposal of such loans will be much swifter and more regular in the new landscape and banks will require external support to assist them in this process.
Why Grant Thornton
Grant Thornton’s offering to banks is unique in that our advisory practice contains all of the disciplines required in one group with advisory, restructuring, data analytics and quantitative risk experts working closely together to provide a truly comprehensive service.
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Grant Thornton has been the market leader for loan and asset restructuring services to the banking sector for the past. We carry out full business reviews, offer restructuring advice, and act as receiver over assets to assist banking clients improve their non-performing loan position.