Venerdì, 19 Ottobre 2018

IMF praises Bank of Italy for 'swift and adequate' MPS moves


New York, February 5 - The International Monetary
Fund on Tuesday praised Italy's central bank for acting swiftly
and taking adequate measures to help troubled lender Monte dei
Paschi di Siena (MPS).
Citing a report from the IMF's Financial Sector Assessment
Program mission to Italy, which ended last Thursday, IMF
spokesman Gerry Rice told ANSA that "The Bank of Italy took
swift and adequate action to deal with the problem of Monte dei
Paschi di Siena".
"Vigilance was tight with supervisory action sufficiently
intensified as soon as the problems of MPS became acute," Rice
A second mission by the Financial Sector Assessment Program
is scheduled for March.
The inspectors' role is to evaluate Italy's financial
system, including the country's vigilance of banks and insurers
as well as the state of health of individual financial
Separately Tuesday, Italian investigators probing possible
fraud at the Siena-based bank, the world's oldest, extended the
scope of their inquiry to include the Republic San Marino.
After meeting with colleagues from Forli' earlier Tuesday,
investigators received documents concerning a prior
investigation - dated 2009 - into San Marino's savings bank
which saw the involvement also of MPS.

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