A fresh request for information
on Italian banks' non-performing loans (NPLs) from the European
Central Bank's Single Supervisory Mechanism (SSM) "is standard
supervisory practice" and has also covered various other banks
in the eurozone, a spokesman for the European Central Bank said
Tuesday. Many of the Italian banks subject to the SSM's new
inquiry on their bad loans dropped sharply on the Milan bourse
Monday. The SSM is the ECB's oversight body for banking
supervision.
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