Italian banks, because they are solid and do not risk the Credit Suisse effect
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Taking stock of the 2008 crisis
Can Credit Suisse and Silicon Valley Bank touch Italian banks? Very difficult, the capital strength and liquidity available to our shock-proof credit institutions. This is certified by the latest study by Fabi, the independent banking union led by Lando Maria Sileoni, which draws on the data for September. For Italian banks, there are no risks associated with the rescue of Credit Suisse for a very simple reason: because the ECB, beyond the defects that we have repeatedly highlighted such as this obsession with recovering from inflation in the short term, has a very stringent daily supervision, which the banks suffer, said the secretary Fabi.
The Supervision of the European Union and the financial authorities of the Old Continent, which have more stringent regulations and impose different and greater controls than those of the two countries of the institutions overwhelmed by the instability of the balance sheets, have capitalized on what happened with the previous crisis of 2008 and have expanded their work, asking banks to strengthen especially their capital position and liquidity requirements. A sacrifice that lasted for years – admits Fabi – which is bearing fruit for today: the credit institutions of the euro area, which among other things are not present at all in Silicon Valley Bank, are solid and less exposed to the financial turmoil than these days.
Mar 24, 2023
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