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Certified Expert in NPL Management & Investment

Distressed debt recovery and corporate turnaround

The unfolding shocks in the world economy have defined a new risk environment for financial institutions. Banks, regulators and investors may soon need to tackle a new wave of distressed debt and non-performing loans (NPLs).

As a Frankfurt School Certified Expert in Distressed Debt Recovery you will be equipped with key skills to manage loan defaults. You will learn to recognise debt distress among households and enterprises and to design best-practice restructuring solutions that recover loans, and return borrowers to financial health.

What Do We Offer?

The learning track will give you access to: 

  • An interactive e-learning course made up of 10 learning units, including video lectures, PDF scripts, examples, practical exercises, online tests and case studies
  • A discussion forum for course related issues as well as for exchange of opinions and experiences with peers, tutors and the FSDF e-Campus team
  • Personalized support from your e-Campus team
  • Possibility to achieve a Frankfurt School certificate after passing the final exam or a confirmation of course completion after completing the course.

Tuition Fees*

Registration Date

Fee

Before Jul. 15th, 2022

EUR 1350
After Jul. 15th, 2022 EUR 1550

Final exam fee: An additional final exam fee will be charged for the second and third final exam attempts.

Discounts:

  • 10% group discount (for 2 or more participants working for the same institution, informed to us before by an email)
  • 10% for FS Alumni
  • for company package discounts, please contact us

Payment Options:

  • Bank Transfer (bank fees to be covered by participants)
  • Credit Card
  • PayPal

Payment in installments is unfortunately not possible.

Dates

Course Start Course End

Sept. 1

Feb. 28

Mar. 1 Aug. 31
Registration Date Early Bird
Jun. 1 - Sep. 30 By Jul. 15
Dec. 1 - Mar. 31 By Jan. 31

Target Audience

Bank management and staff, financial supervisors, and investors who are working on developing a strategy for managing distressed loans and NPLs. All who need to develop a comprehensive understanding of recent regulations, and the institutions and legal context that will govern NPL management and debt restructuring. Consultants and other insolvency professionals will also benefit, as on the basis of this course they will command the strategic and regulatory framework that promotes the resolution of private sector debt distress.  

Workload

The course takes approx. 6 months assuming 5-6 hours of self-study per week. It consists of 10 units which build upon each other. You will take the units in sequence and will  need to pass an online multiple choice test before accessing the next unit.

You are not sure if you manage to complete the course within 6 months? No worries! You can apply for a course extension (6 more months) against an administrative fee.

Course contributes to UN SDGs

This course will enhance your knowledge in the following SDGs. The SWA offers professional and executive courses dedicated to the advancement of the UN Sustainable Development Goals (SDGs).

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All our courses contribute to the following SDGs

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Registration

Registrations for the March 2023 intake will open on 1 December 2022.

Course Content*

A core part of the course will deal with hands-on restructuring techniques, which will be simulated through a number of numerical exercises and case studies. To provide context for restructuring techniques we will cover best-practices in bank-internal workout units, and recent trends in regulation, supervision and insolvency law. We study real-life restructuring situations from Europe and emerging markets, also in case studies of corporate turnarounds.

Investment in NPL portfolios and distressed debt will be covered, as this present new opportunities in both regions. The economics of private sector debt distress and policies used to address such debt crises, will round off our programme.

At the end of the course you will be fluent in engaging with supervisors, other insolvency professionals and with investors in complex distressed situations. You will be in a position to negotiate in a creditor committee, or to navigate the court system in an insolvency. These will be key skills for your organisation in the coming years.

Unit 1: Course introduction, and the context for NPLs and private sector debt

  • Course plan and objectives
  • Course organisation and logistics
  • Private debt and NPLs as multiple crises evolve 
  • The context for NPL restructuring

Unit 3: Impairment and defaults

  • Overview
  • Why bank asset quality definitions vary so widely
  • Reporting problem loans
  • Standards in the EU
  • The accounting framework: IFRS and expected credit losses
  • Integrating three perspectives on bad loans and flexibility in a recession

Unit 5: Quantitative analytics for arrears management and in consumer and MSME finance

  • Descriptive portfolio statistics to track arrears
  • Household loan restructuring and arrears management
  • The bank’s rights in a personal insolvency
  • Mortgage restructuring and borrower protection
  • Arrears management and responsible collections
  • Efficient and targeted arrears management

Unit 7: Insolvency regimes and asset recovery

  • Overview
  • How the insolvency regime shapes creditor rights
  • Elements of effective insolvency regimes
  • Assessing insolvency regimes in practice
  • Pre-insolvency restructuring in Europe

Unit 9: Loan sales and securitisations

  • Overview
  • Loan sales in the workout strategy
  • The valuation of a distressed loan portfolio for sale
  • The secondary loans markets in Europe and emerging markets
  • The regulation of loan transfers and external servicing
  • The distressed asset transfer process
  • NPL securitisations

Unit 2: Debt distress: the early warning signs

  • Overview
  • Arrears, default, and the NPL life cycle
  • Corporate debt distress: setting up an early warning system
  • Recognizing household over-indebtedness 
  • State-sponsored borrower relief measures

Unit 4: Supervision and NPL management

  • Overview
  • Why supervisors care: high NPL banks are weak banks
  • The response from supervisors: NPL guidelines from the ECB and European Banking Authority
  • Best practice: the ECB guidance to banks on non-performing loans
  • Conclusions: is the bank ready?

Unit 6: Policies and institutions in NPL crises

  • Overview
  • Past debt crises in Asia and Europe
  • Lessons from past crises
  • Asset management companies
  • Rules for state aid to banks
  • Asset transfers and bank resolution

Unit 8: Out-of-court workouts

  • Overview
  • The path to the out-of-court workout
  • Organising multi-creditor workouts
  • The restructuring plan
  • Deciding between alternative options
  • Case studies

Suggestions & recommendations

While you decide on the timing and pace of your learning experience we would like to give you some recommendations on how to get the most out of this course:

Your schedule: We will provide you a course schedule including voluntary and mandatory deadlines. The course schedule serves as guideline for your personal learning schedule and will help you completing the programme within the given time frame.

Exercises: Even though the exercises in the script are not mandatory we strongly advise you to use them as an opportunity to check your knowledge and to prepare for the final exam.

Assignments: With the assignments you will learn how to apply the knowledge learned during the course. It is important that you take time to read the necessary material and to solve the assignment.

Networking Opportunities: Use the forum to introduce yourself your peers and start interesting discussions.

*Subject to change

Training Approach

The flexibility of our courses offers you the opportunity to follow you own schedule and to combine daily work with professional development.

The highest quality offered will immediately improve your daily job performance as well as the performance of your institution.

Training Material

Video Lectures

  • Introduction videos: After viewing the lectures, participants will have a basic understanding of each topic and will be able to classify importance and relevance of different techniques and aspects in a broader context.
  • Web-based Presentations: Web based presentation complement the scripts and give additional input on important topics.

Online Tests

Each unit ends with an online test comprising a set of 10 - 15 multiple choice questions. Only after having successfully completed an online test you will gain access to the next unit.

Reading Material

A PDF script is for most of our courses the main studying material. This reading material provides basic concepts and principles applicable to the subject of each unit.

Assignments

The key to successful learning is the immediate use of newly acquired knowledge and the transfer of theory into practice. Our online courses are therefore supplemented by mandatory assignments.

Discussion Forum

A course discussion forum enables the interaction between participants and trainers and facilitates the exchange of experiences as well as possibilities to ask questions or get clarifications.

Final Exam

Passing a final examination is a requirement for obtaining your certificate.

  • Location: The final exam takes place online.
  • Duration: The final exam takes 2 hours.
  • Cost: An additional final exam fee will be charged for the second and third final exam attempt

If you do not wish to take the final exam, you will receive a confirmation of course participation after completing the course.

Events

Online Session: Insolvency & Corporate Restructing.

Watch a recording of our recent online session with Dr. Alexander Lehmann, Dr. Joachim Bald and Dr. Jan Adriaanse, as they discuss Insolvency & Corporate Restructuring.

 

Course Lecturers

Dr. Alexander Lehmann

Lehmann, Alexander

Dr. Alexander Lehmann is the Head of the Sustainable World Academy at the Frankfurt School of Finance & Management. The Academy offers a wide range of executive trainings and graduate-level courses to over 3,000 professionals annually across the globe. Its academically rigorous and application-oriented training is guided by the UN Sustainable Development Goals. He is concurrently a non-resident fellow at Bruegel, Europe’s top-rated economic policy think tank, where he covers European banking and capital markets.

Mehr Weniger

In his advisory, research and teaching roles Alex focuses on how financial systems can become more resilient, recover from crises and support sustainable growth. In engagements in 25 plus emerging markets and across Europe he has worked with international and EU institutions, central banks, debt management offices and a wide range of private financial market participants.

He has regularly lectured in executive and graduate courses, most recently as adjunct professor at the Berlin-based Hertie School of Governance. Until 2016 Alex was the Lead Economist at the European Bank for Reconstruction and Development (EBRD) where he headed the strategy and economics unit for central Europe and Baltic countries, and prior to that he was an official at the International Monetary Fund in Washington.

He has published widely on financial policies in the EU and emerging markets and holds graduate degrees in economics from the London School of Economics and the College of Europe and a D.Phil. (doctorate) from Oxford University.

Roland Kupka

Roland Kupka

After the successful completion of his MBA, Mr. Roland Kupka has been working as a trainer for the Frankfurt School of Finance & Management gGmbH with comprehensive experience for many years. His successful lectures focus on sales topics in Corporate Banking / Corporate Finance, SME Financing, and Credit Risk Analysis of credit institutions.

Mehr Weniger

Besides traditional forms of debt financing, he has extensive experience particularly in the areas of Off-Balance-Sheet financing, such as leasing, factoring and asset-backed transactions (ABS), as well as Leveraged and Management Buyout financing (LBO / MBO), Project-, Mezzanine-, Syndicated-, Capital Market- and Acquisition financing.

In addition, Mr. Kupka has extensive expertise and know-how in Credit Risk Analysis, management of non-performing loans (NPL) and also a profound knowledge of SME restructuring.

After working as a credit analyst and relationship manager for more than 20 years, Mr. Kupka is a senior executive in sales and credit risk management. For many years he has worked in the public and private banking sector; Ten years of which in an international environment for a major Scandinavian bank, where, as a member of the extended management, he was responsible for business activities in Germany under income and risk aspects. Furthermore, he successfully coordinated and extended the reach of the bank's international network in Scandinavia, the UK, and Asia.

Mr. Kupka has particular knowledge regarding the acquisition of and holistic cooperation with medium-sized corporate clients as well as their owner families. Extensive and versatile knowledge in the successful management of sales teams, personnel management in change management situations, credit portfolio management, as well as project management complete his profile.

Prof. Jan Adriaanse

Prof. Jan Adriaanse

Jan Adriaanse is professor of turnaround management at the Leiden Law School of Leiden University. He is engaged in research and consultancy projects in the interdisciplinary field of financial distress, turnaround management and insolvency law. He is an author and advisor on these subjects and a regular speaker at international conferences. In December 2005 he defended his doctoral thesis called ‘Restructuring in the Shadow of the Law. Informal Reorganization in the Netherlands’.

Mehr Weniger

He is a fellow of INSOLAD, the Dutch professional body of insolvency professionals, and a member of INSOL Europe. He is board member of the Dutch Turnaround Association (DTA). In the annual Global Insolvency Practice Course of INSOL International he teaches the so-called ‘Workout Clinic’. Jan has hosted trainings and turnaround work-out workshops for among others INSOL International, US AID and the World Bank in Zambia, Uganda, Rwanda and South-Africa, as well as conferences and projects in Slovakia, Poland, Kosovo and Latvia.

Jan Adriaanse is co-founder of BFI, a corporate finance firm based in Amsterdam specializing in turnarounds, financial investigations and business valuations. In +20 years, he has served dozens of companies around the globe in challenging situations. Together with his team he also advises bankers of workout departments in dealing with turnaround situations and NPL’s including performing Independent Business Reviews and restructuring-related valuations. He has vast experience in emerging country contexts.

Dr. Joachim Bald

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Dr. Bald is Frankfurt School’s most senior international advisor and a recognized expert in Treasury, Risk and Asset Liability Management. He serves as lead consultant at the Frankfurt School Competence Center in Risk Management and regularly manages complex implementation assignments in Europe, Asia and Africa.  Joachim maintains a large portfolio of advisory mandates including recent and ongoing interventions with EIB, EBRD, KfW, African Development Bank, as well as at Cairo Amman, Etihad and Ahli Bank in Jordan, HKL and PRASAC in Cambodia, XacBank and Khan Bank in Mongolia and many more.

Mehr Weniger

Dr. Bald is a Member of the Board of Directors at Bai Tushum Bank in Kyrgyzstan, at KMF in Kazakhstan and at FIDEF / EFA-Group in Singapore.   At Frankfurt School, Joachim is the Academic Director of the Certified Expert in Risk Management and also teaches Asset Liability Management in the Certified Expert in Treasury and Markets (CETM) program in partnership with AEFMA.   In his early career, Dr. Bald worked at Commerzbank AG, Frankfurt and Deutsche Börse Systems, the IT division of the German stock exchange in Frankfurt and Chicago. Joachim holds a German MBA (Diplomkaufmann), a doctorate in economics and is also a US Certified Management Accountant. Joachim is fluent in English, French, German and Russian.

Beyond your Certificate

Packages

Master of Leadership in Sustainable Finance

The Certified Expert in NPL Management is an Elective Module of the Master of Leadership in Sustainable Finance. Join our Master programme after completing the CENPL course and waive one elective module. Also, the amount you paid for the course will be deducted from the final tuition fee of the Master programme.

Diploma in Financial Inclusion

The Certified Expert in NPL Management is part of the curriculum of our Diploma in Financial Inclusion. Enroll to our Diploma after completing the CEMI course and waive one module. Also, the amount you paid for the course will be deducted from the final tuition fee of the Diploma.

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