(ANSA) - Milan, May 8 - Italian bourse rgulator CONSOB chief
Giuseppe Vegas on Monday warned against selling off
non-performing loans (NPLs) too cheaply.
"Haste may prove to be a bad counselor", in getting rid of
the high level of NPLs in the Italian banking system, Vegas said
in his annual report.
"There is a risk of opening up gaping holes in balance
sheets, and foreign investment funds are getting the scent of a
very good deal," he said.
Don't sell off NPls on the cheap - Vegas
Investment funds scenting great deal