Early in 2020, as the pandemic took hold, the European NPL market went into lockdown along with the rest of the economy—but as the market opened up in the second half of the year, NPL sellers jumped back in, setting the stage for a busier 2021.

On the end of LIBOR: The end of 2021 will mark a milestone in global financial markets when regulators, in effect, phase out the "LIBOR benchmark" that underpins much of the global financial system