16/04/2018 (Agence Europe) – On Friday 13 April, the European Commission approved an Italian liquidation scheme targeting small banks with assets of a total value of less than €3 billion when they enter into default. Under the approved mechanism, the Italian deposit guarantee systems may work to support the transfer of the assets and liabilities of failing banks to another banking institution under the national insolvency procedures. The institution assessed the measure in light of its...