BRRD will raise costs and threaten stability, BoI chief says

Rapid transition caused problems for recent bank resolution, Visco says

Ignazio Visco
Bank of Italy governor Ignazio Visco

Bank of Italy (BoI) governor Ignazio Visco criticised the speed with which the Bank Resolution and Recovery Directive (BRRD) was implemented in Europe during a speech on January 30.

The new rules complicated the recent resolution of four Italian banks by the central bank, Visco told an audience in Turin. European Union member states should make sure the BRRD's provisions were brought in line with international practice, he argued.

Four smaller Italian banks were "placed under special

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

Register

Want to know what’s included in our free membership? Click here

This address will be used to create your account

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