Monte Paschi rejoins O-SII list due to more ‘complexity’, ‘interconnectedness’

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By Tyler Davies
02 Dec 2019

The Bank of Italy will require Banca Monte dei Paschi di Siena to maintain higher capital buffers from next year, after finding that it has become more complex and interconnected within the financial system.

The Bank of Italy published a new list of other systemically important institutions (O-SIIs) late last week.

Monte dei Paschi returned to the list for the first time since 2017, joining UniCredit, Intesa Sanpaolo and Banco BPM.

The central bank assesses the systemic importance ...

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