From the authorities’perspective, a key priority is the need to ensure effective functioning of the various specialized agencies that have been established to facilitate the resolution of NPLs. These agencies need to concentrate on maximizing asset recovery, minimizing moral hazard, and limiting potential economic distortions between performing and non-performing debtors. The focus should also be on selling assets off quickly rather than restructuring them on their own so as to minimize the claims on taxpayers and ensure that debtors are not able to put off restructuring.