new wave of NPLs, the ECB's Supervisory board chair Andrea Enria has proposed the creation of a European Bad Bank and has imposed a ban on dividend distribution by banks, in a move to pressure banks to proactively tackle NPLs. The ECB has also indicated to work on the development of an "Amazon-style" platform to allow banks and investors to trade NPLs on a secondary market. Meanwhile the European Commission has revised its action plan in December 2020 by focusing on speeding up the fostering of a secondary market for NPLs and to offer support for national Asset Management Companies. The proposal was met with criticism by civil society groups. See also Narasimham Committee on Banking Sector Reforms Default (finance) Nama References Credit Loans