Bank of Italy Governor Ignazio Visco
on Wednesday called for "more efforts" to bolster Italy's
struggling banks and to "safeguard the weakest".
"Our goal is to improve our operations in a very complex
contest", Visco said.
An ongoing reform of how non-performing loans (NPls) are
managed is the "right path" to follow, Visco went on.
But he stressed that it was "still too early to assess
results and the scope for further intervention".
As for junior bondholders who lost their savings in recent
collapses, Visco said the risks had been "present in the
prospectuses".
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