Sabato 16 Gennaio 2021 | 13:52

NEWS DALLA SEZIONE

ROME
One million vaccinations done in Italy says Conte

One million vaccinations done in Italy says Conte

 
ROME
Bank of Italy cuts 2021 growth forecast to 3.5%

Bank of Italy cuts 2021 growth forecast to 3.5%

 
ROME
Opera to return to La Scala on Jan 23

Opera to return to La Scala on Jan 23

 
ROME
Berlusconi has left hospital

Berlusconi has left hospital

 
ROME
COVID: Risk of uncontrolled epidemic has risen says ISS

COVID: Risk of uncontrolled epidemic has risen says ISS

 
ROME
Most of Italy set to be an orange zone

Most of Italy set to be an orange zone

 
ROME
Cinema: Bong Joon-ho to be president of Venice jury

Cinema: Bong Joon-ho to be president of Venice jury

 
ROME
Almost all of Italy set to be an orange zone

Almost all of Italy set to be an orange zone

 
ROME
Conte to seek parliament's backing

Conte to seek parliament's backing

 
ROME

Salvini says asked Mattarella to make haste

 
ROME
COVID: 522 new deaths, 17,246 new cases

COVID: 522 new deaths, 17,246 new cases

 

Il Biancorosso

l'evento
Bari calcio, 113 anni del club. Il presidente: «Dedico il compleanno a tutti i nostri tifosi

Bari calcio, 113 anni del club. Il presidente: «Dedico il compleanno ai nostri tifosi»

 

NEWS DALLE PROVINCE

Materala ripresa
Matera, dal 18 gennaio riaprono i musei «Ridola» e quello di Palazzo Lanfranchi

Matera, dal 18 gennaio riaprono i musei «Ridola» e di Palazzo Lanfranchi

 
Newsweekla speranza
Xylella e tecnologia: il batterio sfidato dalle nanocapsule hi-tech

Xylella e tecnologia: il batterio sfidato dalle nanocapsule hi-tech

 
Baristalking
Santeramo, perseguita la ex e le incendia auto: arrestato 40enne

Santeramo, perseguita la ex e le incendia auto: arrestato 40enne

 
Brindisiindagini dei CC
Oria, vendono assicurazione online ma è una truffa: denunciati tre campani

Oria, vendono assicurazione online ma è una truffa: denunciati tre campani

 
PotenzaL'emergenza
Basilicata, abbattimento cinghiali: sì al piano regionale. Si potranno eliminare 5.600 esemplari

Basilicata, abbattimento cinghiali: sì al piano regionale. Si potranno eliminare 5.600 esemplari

 
Foggiaemergenza coronavirus
San Nicandro Garganico, muore sindaco medico per Covid: virus contratto forse da un paziente

San Nicandro Garganico, muore sindaco medico per Covid: virus contratto forse da un paziente

 
TarantoIl processo
Taranto, bimbo morto di tumore: indagati 9 dirigenti ex Ilva

Taranto, bimbo morto di tumore: indagati 9 dirigenti ex Ilva

 
Batemergenza Covid
Barletta, attivati 23 posti di terapia intensiva. Lopalco: «Pronti a possibile terza ondata»

Barletta, attivati 23 posti di terapia intensiva. Lopalco: «Pronti a possibile terza ondata»

 

i più letti

Rome

Economy ministry outlines new mechanism on bad loans

New guarantee mechanism 'doesn't provide for State aid'

Economy ministry outlines new mechanism on bad loans

Rome, January 27 - Italy's economy ministry on Wednesday outlined parameters for a new guarantee mechanism regarding non-performing loans, following an accord overnight Tuesday with the European Commission agreeing that the new mechanism doesn't call for State aid, the ministry said. "The price forecasted for the first three years is calculated as an average of the mid price of three-year CDS (credit default swaps) for the issuers with ratings corresponding to those of the guaranteed tranches," the economy ministry said. "At the fourth and fifth year the price will go up following the application of a first step-up (5-year CDS) and payment of a incentive increase to offset the lower rate paid for the first three years". "From the sixth year on, the price of the guarantee will be full (7-year CDS). For the sixth and seventh year there will also be an incentive increase due, to offset the lower rate paid for the first five years". Financial analyst Mario Seminerio called the new guarantee mechanism "a market solution in the real sense, that will likely change little in the non-performing loans situation of Italian banks". "Many of these (banks) still need capital increases, over time," Seminerio said. "The public intervention operates only 'in valleys' and as such raises the rating of the senior tranches less than what would have happened if the Treasury had been completely jointly liable". "The Italian Treasury in fact guarantees the most senior tranches, those with less risk and less profit. But only if those 'portions' obtain investment grade rating, that is, if they aren't junk bonds," Seminerio said. "Because of this structure, there will be banks that will derive very small senior tranches, and therefore will be able to free themselves of few non-performing loans, moreover at the probable price of having to burn as losses the tranche equity and the mezzanine".

Lascia il tuo commento

Condividi le tue opinioni su

Caratteri rimanenti: 400

LE RUBRICHE

Speciale Abbonamento - Scopri le formule per abbonarti al giornale quotidiano della Gazzetta
Gazzettaffari - Portale di annunci de La Gazzetta del Mezzogiorno
Gazzetta Necrologie