Italy reaches “burden sharing” deal on Monte dei Paschi
Piazza Salambeni in Siena, home of Banca Monti dei Paschi di Siena (Credit: iStock.com/andrearoad)
The Italian government and European Commission have reached an agreement to allow the state recapitalisation of the world’s oldest bank, Monte dei Paschi di Siena, without breaching the strict bail-in requirements of the Bank Recovery and Resolution Directive.
To read more
Subscribe to Global Restructuring Review
Register for limited access
Register to receive our newsletter and gain limited access to subscriber content.
Register now
Subscribe to unlock unlimited access
Get news, unique commentary, expert analysis and essential resources from the Global Restructuring Review experts.
Subscribe now