BFF Shares Fall 17.6% After Bank of Italy Defends Loan-Default Rules
The Bank of Italy defended its approach to applying international rules on when loans should be classified as impaired. BFF shares were down 17.6% at 1308 GMT on Wednesday.
The Bank of Italy defended its approach in applying international banking rules that dictate when a loan should be classed as impaired, after such rules precipitated a crisis at specialist Italian lender BFF MIL:BFF.BFF shares were down by 17.6% as of 1308 GMT on Wednesday, a day after the lender…