Italian Economy Minister Roberto
Gualtieri on Monday told the 2019 Rome Investment Forum that
although Italy is against changing the treatment of banks'
holdings of sovereign bonds under European banking union, it is
willing to discuss incentives for a diversification of all
portfolios.
"Italy has clearly said that a revision of the prudential
treatment of sovereign bonds would be damaging and
inappropriate: it would make the EU the only jurisdiction
without a zero-risk liquid asset", he said.
However, he said, such a stance "doesn't mean that there is
no willingness to reason, in parallel with the introduction of a
scheme guaranteeing deposits, on incentives for a
diversification of all portfolios, not only in sovereign bonds".
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