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Home» News»EU Commission – Monte Paschi capital-raising plan fully in line with EU rules

EU Commission – Monte Paschi capital-raising plan fully in line with EU rules

Saheli 30 Jul 2016 News Comments Off on EU Commission – Monte Paschi capital-raising plan fully in line with EU rules 1 Views

The European Commission said on Friday that Italy’s Monte dei Paschi di Siena (BMPS.MI) plan for a privately funded capital increase was in line with EU rules.

“The Commission takes note of the bank’s announcement that it plans to launch a private capital raising exercise,” a Commission spokesman said in a statement.

“This is fully in line with EU rules. Any additional capital needs should in the first place be raised from the market and/or from other private sources,” the spokesman said.

[Source:-Reuters]

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