Bank of Italy Defends Its Application of Loan Default Rules
The Bank of Italy defended its application of international rules for classifying troubled loans after regulatory findings at specialist lender BFF triggered a share-price plunge. BFF shares are down more than 80% year to date.
By Valentina ZaThe Bank of Italy defended its application of international banking rules governing the classification of troubled loans, after regulatory findings at specialist Italian lender BFF MIL:BFF triggered a plunge in its share price.The shares are down by more than 80% year to date, weighe…