Giovedì, 18 Ottobre 2018

IMF says Italian financial system resilient


New York, March 26 - Italy's financial system has
shown "considerable resistance" to the European economic crisis
and the country's own lingering recession, the International
Monetary Fund said in a report Tuesday.
But even though the system is stable, it is not immune to
the risks it faces from continued economic weakness that will
likely lead to rising loan losses, the IMF added after an
official visit to study Italy's financial system.
That means banks should increase their loan-loss provisions
in case of worse times ahead, suggested the IMF.
It added that the "strong" supervision of the country's
financial system by the Bank of Italy has been one of the
essential pillars of its stability.

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