An empty Di Trevi fountain is pictured as Italy tightens measures to try and contain the spread of coronavirus disease (COVID-19), in Rome, Italy March 24, 2020. REUTERS/Alberto Lingria
MILAN, March 1 (Reuters) – The Bank of Italy said on Tuesday it would remove a number of relief measures on banking requirements that had been introduced to help lenders through the COVID-19 crisis.
The decision applies to smaller banks that fall under the Bank of Italy’s oversight and reflects a similar move taken earlier by the European Central Bank for bigger lenders.
The Bank of Italy said smaller lenders would no longer benefit from capital relief measures beyond Dec. 31, 2022 while a liquidity relief measure would end on March 15.
Given the uncertainty weighing on the macroeconomic outlook, the Bank of Italy said it would continue to monitor banks and maintain prudent payout policies.
Reporting by Valentina Za Editing by Chris Reese
The acquisition adds approximately $500 million in nonmedical benefits premium, technology and employees, while leaving…
The Idaho builder’s HomeFest combines model-home tours with seasonal entertainment, while its reported sales increase…
Brokers and investors who add DXBinteract can ask either assistant what Dubai properties sold for,…
“I believe that the change will be felt by everyone, from the drivers to the…
The Georgia businesses cite repeat Inc. 5000 recognition and a regional ENR ranking as milestones,…
The creator economy has moved well beyond the era when social media personalities were primarily…