Brussels, 27/01/2016 (Agence Europe) - On Tuesday 26 January, the European Commission and the Italian finance ministry reached agreement on the outline of a guarantee scheme to help Italian banks sell on their non-performing loans.
The Italian scheme will help the countries banks securitise non-performing loans and transfer them to autonomous bodies. The banks will be given a state guarantee on priority (senior) instalments of the securitised loans held by these bodies. Competition...