Guzzetti says Atlante fund 'at risk' (2)

Speaking on goal of creating market for non-performing loans

(ANSA) - Rome, October 27 - Giuseppe Guzzetti, president of the Italian Association of Savings Banks and Foundations (ACRI), on Thursday said that the low number of investors in the state-organised Atlante fund puts at risk the fund's goal "of being not only a tool to govern some emergencies but rather an intervention to create a true market for deteriorated credit". The fund was set up with the Cariplo Foundation, of which Guzzetti is president, and Quaestio capital management firm, in a bid to shore up ailing Italian lenders. On Wednesday Guzzetti said he regretted investing in Atlante and that foreign banks should have contributed more.
   

ALL RIGHTS RESERVED © Copyright ANSA