BOI Desario-Mergers not the only way to efficiency

The Bank of Italy director general Vincenzo Desario said Mar 8, 2001 that bank mergers were not the only way to achieve efficiency and competitiveness in the banking system.

During a central bank convention on banking systems and international financial stability, Desario raised a note of caution about the potential benefits stemming from bank mergers. "Concentrations both domestic and crossborder need to be carefully evaluated in the light of fundamental objectives and technical issues, " he