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NPLs and banks: what to expect from the Financial Committee

 

The Senate Financial Committee aims at implementing by 20th October a resolution on how to manage banks’ bad loans in order to participate in the administrative and legislative part of the process.

It was stated and reported by the spokesman of the committee Gianluca Susta, adding that “the analysis of the matter will find its actualization only with the consultation with the European Committee expected by 20th October, followed then by further actions in collaboration with Abe (European Banking Authority), the European Central Bank, and the member countries in order to strengthen the European banking system”.

Susta had then again stressed that “it’s necessary to implement proactive policies in order to clean up banks’ financial statements” and that “it’s essential that banks actively manage these exposures in a stricter way than in the past and that they define a feasible strategy for the progressive reduction of the number of bad loans in order to avoid them to accumulate once again”.

 

Source: http://www.publicpolicy.it/npl-banche-cosa-bolle-6a-commissione-73185.html

Translator: Cristina Ambrosi