Mps turn on systemic risk. Banking, rain sales – Affaritaliani.it

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Rome and Brussels are in contact to define a support plan for Italian banks . The European Commission spokesman, Ricardo Cardoso confirms the direct link between Brussels and the Italian authorities, on the basis of the above there are several solutions that can be fielded in full harmony with the European rules to address any shortcomings of liquidity ‘or capital no negative impact on retail investors, “said the spokesman. With these words, Cardoso has therefore confirmed the Palazzo Chigi position he had denied reports in the international press that the prime minister, Matteo Renzi, would be ready to” challenge “Brussels just on the dossier banks with unilateral moves aimed at safeguarding the Italian banking system with public funds.

Also from Palazzo Chigi is accurate as of banks it is known that Renzi prefers solutions market, in compliance with current rules in Europe. in particular, in the interview yesterday in TV Sky Tg 24, Renzi said on MPS that “the events of the past the state is already in, but my opinion and ‘that the preferred solution is a market operation “. On Italian banks in trouble ‘, Renzi said he had “so many pebbles to take off, I would say some boulder. The banking system is not’ been enabled to function at its best from the political errors.

for banks has created a circle of friends and shameful connivance, we locked. This ‘and that’ occurred in Veneto Vicenza cries out for vengeance. we locked ourselves the “system. A lot of attention and ‘focused on Banca MPS, especially in light of the ECB’s request to dispose of at least a dozen billion euro Gross NPLs . In the letter and ‘the skeleton decision (on which the Bank will have’ the possibility ‘to present their arguments by next July 8th) that indicates how the Sienese school must’ reduce the net exposure to Npl by 24 , 2 billion at the end of 2,015,000,000,000 to 14.6000000000 in 2018 (in gross terms must ‘go from 46.9 billion to 32.6 billion in 2018). The parameters are in line with the objectives of a specific action program, recently approved by the boards of the Bank and simultaneously subjected to the ECB assessments, focused on generating an amount of disposals of non-performing loans already ‘provided for in the business plan in 2016 / 2018.

in the “” decision draft is also requested to provide the ECB within the next 3 October 2016 a plan setting out what measures can be taken by the Bank to reduce the ratio of the total of non-performing loans to total loans (NPL ratio) to 20% in 2018. This inquiry ‘more’ hard-hitting than the provisions of the bank’s plan (5 billion over the next two years), commenting on the experts Equita Sim. Hold rating and TP of 0.88 euro confirmed. According to an analyst of a leading home business “accelerate the disposal” of Npl “would have an impact on earnings, and may require a capital increase”.

In evaluating the possible solutions for Italian banks , pursuant to Article 108 Fitch highlights how difficult it is to reach political agreement needed an injection of public funds in the capital with an exception to the rules on state aid, at least in the short term, the European Union Treaty. Any other operation with public funds, as permitted by Brrd provided it is precautionary after a stress test, would be subject to the rules on state aid.

And so, even complicit the wait for the ECB stress tests which will end on July 29, taking sales on the title of the Siena group and the Italian banks. While some operators, tirnado at stake the anamenti the Montepaschi and UniCredit the beginning of the year, starts talking about systemic risk for the entire banking sector . Mps heavy that after finishing more ‘times of volatility’ auction has closed the session with a -13.99%. The news has affected the entire industry: Bper -6.73%, Banco Popolare -4.5%, -4.21% Mediobanca, Unicredit -3.63%, Ubi -3.05%, Intesa Sanpaolo -3, 04% and BPM -1.4%.

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