Bank of Italy rules to facilitate mergers - report

New Bank of Italy regulations allowing banks to make greater use of hybrid instruments for capital reserve requirements could facilitate mergers in the banking sector, Il Sole 24 Ore said Wednesday 10 January.

Under the new guidelines, passed on 27 December the central bank raised to 20 pct from 15 pct the proportion of hybrid instruments banks can issue to cover their reserve requirements.

Citing a report by Societe Generale, the daily said Italian banks could now potentially issue hybrid secu

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