"Unfortunate" conduct should be
distinguished from "improper" one in drawing up any black list
of holders of bad loans who have led to crises of banks like
Monte dei Paschi di Siena (MPS), Economy Minister Pier Carlo
Padoan said Thursday. "I think transparency is important...but
you have to make a wider argument on how to identify conduct,"
he told parliament. The Italian Banking Association and others
have proposed drawing up a black list of investors whose
non-performing loans have forced several banks including, most
notably, MPS close to the wall.
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