Venerdì, 19 Ottobre 2018

Italy's banks press IMF on capitalization demands


Rome, November 26 - Italian bank association ABI
pressed the International Monetary Fund (IMF) on Monday to not
demand additional capitalization from Italian banks.
ABI claimed such a request would be disastrous for Italy's
financial system and the Italian economy.
ABI presented documents to an IMF delegation in Rome,
arguing that Italian banks are subject to stricter norms than
their European rivals with respect to credit deterioration, and
for this reason appear to be more fragile.
"We want to avoid a new case with the European Banking
Authority," said ABI President Giuseppe Mussari.
Mussari is asking that the same parameters be used across
Europe to assess the solidity of all European banks.

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