While continuing the negotiations between Italy and Brussels on the action plan that the Renzi government wants to put in place to “securing” the most risky banks, from Monte dei Paschi di Siena , the prime minister returns to attack the German banking system. And on the one hand reassures account holders Italians that “have no problem”, on the other, saying that they “the next few days will enable European authorities to think carefully about the credit situation in our Continent “, where” the real issue is not the non-performing loans (the credits are difficult to retrieve enrolled in bank balance sheets, ed ) Italian but the derivatives of other banks “. Any reference to the situation of Deutsche Bank appears to want. In recent days, moreover, Renzi reminded many times like Germany in the years of crisis and before the entry into force of the bail in has “put 247 billion euro of” public to save their institutions . Speaking from Berlin, the German Minister of Finance Wolfgang Schaeuble instead had softened the tone, explaining that Italy began talks with the Commission on the situation of the banking system, but “does not ask for any exception to the European rules “in force.
” Some Italian banks subject of attention because of algorithms, stress tests and parameters “ – Renzi, in press conference at Palazzo Chigi with the Swedish prime Minister Stefan Löfven, argued that problems in the belly of suffering Italians institutions “need to be resolved, you can solve and are being resolution either through legislation changes soon made it through the private initiatives and market put in place “, read the down Atlas and the” twin “Jason would be under preparation with a (further) support the financial deposits and loans Fund , whose vertices Wednesday saw at Palazzo Chigi Economy Minister Pier Carlo Padoan . In any case, according to the prime minister, it is “an issue that is worth one, the derivatives of other banks are worth a hundred.”
As for the collapses suffered by Italian banks on the stock market in recent days, the prime minister has blamed “the algorithms , the stress test (July 29 will come the results of the new “tests” of ‘ European banking Authority , to which the Monte dei Paschi risk rejection, ed ), i parameters , so some banks, a particularly Italian way, is the center of attention. “
Mps in recovery after sales stop in the open. Morgan Stanley puts the viewfinder Banco Popular – Wednesday, Mps, that in the two previous sessions had left on the ground 14% and 19%, recovered to close at + 6% thanks to the ban short sales imposed by the Consob . Who also decided to ban for three months, until 5 October, the net short positions on the Sienese bank, an intervention that according to the authority “strengthens and extends the ban on short selling adopted yesterday, because it prohibits short selling of Mps actions, both bearish operations carried out through derivative financial instruments that have as their underlying shares. ” deep red instead for Banco Popolare , which closed at -6.15% after a report in Morgan Stanley , quoted by Bloomberg It argued that with MPS is the Italian institute at greater risk of not exceed the stress tests. The Bank has made it known that he reserved “all appropriate action in due locations to protection of its image and its shareholders.”
“No problem for depositors, the difficulties relate to the shareholders’ – Then Renzi has tried to reassure savers: “the Italian savers and depositors have no problem and for me this is the priorities: it is quite clear that the problematic issues in the markets and the difficulties of the bag are carefully followed by the Italian government, but concern the shareholders . What interests me is that there is no doubt as to the tranquility of the Italian account holders and those who put money in the Italian and European banks. “
Dombrovskis:” if there are preventive Recapitalization conditions “ – Meanwhile Strasbourg Valdis Dombrovskis , which assumes the EU commissioner for financial services office after the resignation of English Jonathan Hill, confirmed that” any recapitalizations preventive banks are possible only if they are satisfied all the conditions “. That is, based on what is required by Article 32 of the European Directive on bail in ( Brrd ), the bank “must be solvent , must be able to meet the capital requirements in the base case and, if there are problems in the worst-case scenario , then the precautionary recapitalization can occur. The rules are there: if the conditions are right, then the rules can be applied. ” Then Dombrovskis, in reply to a question MEP Renato Soru , said it could not “comment on individual banks, as MPS”. “Of course – continued Dombrovskis – another element are the support status, which are the responsibility of the Commissioner for Competition Margrethe Vestager . Certainly we need to work together, as the Commission as a whole, to find a solution that works. So far we have been able to do so and will continue to work with the same spirit. “
->
No comments:
Post a Comment