Ital­ian banks must in­crease cap­i­tal: cbank

The Pak Banker - - Front Page -

ROME: The ef­fect of the global eco­nomic cri­sis on Ital­ian banks has been rel­a­tively mar­ginal but some len­ders must move quickly to in­crease their cap­i­tal, the gover­nor of Italy's cen­tral bank said.

"The cri­sis has af­fected the Ital­ian bank­ing sys­tem in a rather mar­ginal way," Mario Draghi, who is also the chair­man of the Fi­nan­cial Sta­bil­ity Board in charge of re­form­ing the global fi­nan­cial sys­tem, told re­porters. "Hav­ing said that some banks have to do more to in­crease their cap­i­tal quickly," said Draghi. -PB News

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