Sunday, December 20, 2015

Banks: Visco, the savings of Italians and ‘safe – The Republic

Rome, Dec. 20 – ‘The Bank of Italy works for the community’, and ‘a serious institution. I mean that the savings of the Italians and ‘safe’. So ‘the governor of Bank of Italy, Ignazio Visco, interviewed by Fabio Fazio to’ Che tempo che fa ‘speaks of another bank. ‘You have to understand how to deal with future banking crises – said Visco – with these European rules that have many reasons but have also been applied retroactively. And what kind of reserves banks must have fornt of the risks of a crisis. The imminent risks are macroeconomic, more ‘micro. The geopolitical issue very delicate, the crisis in emerging countries, the difficulties ‘to get out of deflation in Europe’. On responsibility ‘, Visco explained:’ I did not say ‘who failed to pay’, I said that the judiciary will verify ‘if there were crimes and nature of these crimes. I hope that in this case if there is ‘someone who failed to pay’. After 2013, in any of the four banks commissioner they were more ‘sold subordinated bonds, then said the governor of the Bank of Italy, Ignazio Visco, talking to’ Che tempo che fa ‘. ‘The 2013′ was the last year in which there ‘was the sale of shares subject. They were very popular before the crisis, but it ‘s a tool that becomes dangerous with the new rules. There were no sales of subordinates in any of these four banks after 2013 ‘. On the thorny case of Banca Etruria whose father was vice minister of Woods, Visco explained that not ‘was commissioner before because’ ‘the situation and’ deteriorated during 2014. In 2013 – said Visco – had already ‘I saw that there was a difficulty’ background, but no one thought the situation had deteriorated to that point ‘. .

( 20 December 2015 )

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