Bruna Szego, the Bank of
Italy's Head of Regulation and Macroprudential Analysis, said
Friday that non-performing loans were no longer a threat to the
stability of the Italian banking system.
"As supervisors, we must maintain a high level of attention
and continue to monitor the banks' capacity to offload NPLs
because the NPL ratio (of Italian banks) remains high by
international standards," Szego said.
"The supervision of NPLs is bearing fruit but the problem is
not totally resolved.
"What can be said is that the issue of NPLs is no longer a
problem of financial stability".
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