Banca Italease restructures after EUR686 million derivatives loss

risk-0807-02-gif

Banca Italease is to reorganise its risk management and control processes following the announcement of a net loss of EUR686 million from its derivatives business.

The Milan-based bank attributed the losses to inadequate controls for evaluating risks and monitoring its derivatives portfolio. It is consequently undergoing an internal review of its liabilities and risks and will adopt directives for derivatives trading. The bank also plans to replenish its capital through a rights issue for a

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 [email protected] or view our subscription options here: http://subscriptions.risk.net/subscribe

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

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: