- No doubt that MPS is ‘stable’
- Bk of Italy indicated the bank needed capital, but this issue had been known for some time.
- It’s wrong to suggest a lack of supervision over MPS
- There’s no complacency in the Italian banking system
- Definition of bad loans is ‘severe’
- We must be very vigilant, but have nothing to hide
The BOI head Ignazio Visco was speaking to CNBC in Davos
