Banks, sources MEF: no refunds ‘selective’ first decrees – Rai News

No action only for certain investors in certain institutions

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> 2 January 2016 E ‘”unfounded hypothesis of selective refunds to some investors and only a few banks.” Thus sources of the MEF. There will, it is stated, “no refund” before the decrees of the standards-saving savers launched by the government “to meet the needs of defrauded investors. Before the launch of the decrees can not be assumed any intervention”.

timing indicated by the law of stability to develop the decree is 90 days (by the end of March so), but, make sure the text will be defined first. The ministry, sources state treasury, “is already working on the decrees of the standards-saving savers launched by the government to meet the needs of investors cheated” and is “already in contact with other relevant institutions to enact the decrees in as soon as possible. “

As long as there will be the definition of the criteria on which will then be awarded compensation through arbitration” can not be assumed any intervention, “clarify the Treasury. It therefore seems unlikely that the banks themselves can already anticipate the funds to its investors. The rumors reported by the newspaper The Republic , to consider the possibility of the advance of the refund would be in particular the new Banca Etruria, one of four institutions saved by government decree. More than half of the bondholders more exposed after saving the customer fact Institute of Tuscany.

It is, as stated by the President of the ‘good bank’ Andrea Nicastro, of the approximately 683 thousand investors who have invested less than 100 thousand euro pointing but ‘on subordinated notes (the value of which was cleared after the bailouts) more than 50% of assets. The idea would be to provide by return to these savers a refreshment at least partial, pending the establishment of the arbitration proceedings.