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Intesa Sanpaolo is ready to reduce its risk exposure by up to 20 billion euros

Intesa Sanpaolo could reduce its risk-weighted assets (rwa) by 20 billion euros after comments from the European Commission. BCE on the amount of risk the institution faces. According to Bloombergthe reduction must be through the sale of loans and other assets or through synthetic securitization, which typically involves investors taking on the risk of losses.

The ECB exam

The need for a more conservative approach in models of risque appeared during a review last year, while the size of the reduction risk assets would not be fixed and could end up being lower, those briefed on the facts said.

The pressure exerted by Frankfurt on the banks

With the deterioration of the economic situation in fact BCE have put banks’ strategies under scrutiny. On several occasions, the chief Andrea Enria was very clear: the institutions must reconsider their forecasts of capital levels and their dividend or redemption policies on the basis of a forecast scenario that envisages a possible recession, or a blockage of gas supplies from the European Union. Russia. Beyond declarations, what many bankers expect is a strengthening of capital requirements which implicitly pushes banks to be less generous with shareholders.

Stock market reaction

Friday January 20 Understanding closed the session at Piazza Affari down 1.9 percent at 2.18 euros. ()

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