Italian unease

Italy

risk-1007-36-gif

Banca Italease has paid a heavy price for its foray into the structured derivatives market. The Milan-based real estate and commercial leasing specialist has been reined in sharply by the Italian authorities after it revealed massive counterparty risk losses on its structured interest rate product portfolio. Italease warned in July that it had marked down the value of its derivatives holdings by EUR687 million - a loss that regulators blamed on inadequate risk management.

For the first time in

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact info@risk.net or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact info@risk.net to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Risk.net? View our subscription options

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here