On Air Now

Listen

Listen Live Now » 93.7 FM Sheboygan, WI

Weather

Current Conditions(Sheboygan,WI 53081)

More Weather »
52° Feels Like: 52°
Wind: W 7 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Today

Sunny 67°

Tonight

Clear 49°

Tomorrow

Sunny 71°

Alerts

EBA says new derivative rules to prevent new Monte Paschi cases

MILAN (Reuters) - The European Banking Authority chief Andrea Enria said the new rules on derivatives under completion will reduce the chances of a new financial scandal like that emerged at Tuscan lender Monte dei Paschi di Siena .

"With the new rules on derivatives we are finalizing it will be more difficult to see a case (like Monte dei Paschi)," Enria said on the sidelines of a banking conference in Milan.

"We have to avoid that this case (of Monte dei Paschi) lead to generalizations," Enria said, answering a question about the credibility of Italian banks.

(Reporting by Francesca Landini and Gianluca Semeraro; editing by Antonella Ciancio)

Comments