Percorso:ANSA.it > ANSA English > News

ECB stress tests may trigger Italy bank mergers, says Visco

Bank of Italy chief says central bank won't be interventionist

24 January, 16:29
ECB stress tests may trigger Italy bank mergers, says Visco (ANSA) - Davos, Switzerland, January 24 - The upcoming European Central bank stress tests could trigger mergers among Italian banks, according to Italian Central Bank Governor Vincenzo Visco in an interview with Reuters Television at the World Economic Forum in Switzerland. Visco added the central bank he heads will pursue a hands-off approach in relation to possible mergers and acquisitions in the banking sector.

The Bank of Italy does not intend to "draw a map of the mergers or decide how the market should act," he said.

ALL RIGHTS RESERVED © Copyright ANSA