Italian banks received a
strong endorsement Wednesday from the International Monetary
Fund's (IMF) representative to the Financial Stability Board
(FSB).
The IMF's in-depth study of Italian banks last year
revealed robust preparations to face slow economic recovery,
said José Vinals, the director of the IMF's monetary and capital
markets department.
Italian lenders have done a good job of reinforcing their
capital, and now await the outcome of a stress test, Vinals
continued.
Vinals gave credit to Italian authorities for helping to
place Italian banks in a very solid position and called the
current path taken by Italian authorities "positive".
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