“The new rules on NPLs announced by the President of the Single European Supervisory Mechanism, Danièle Nouy, represent a change in the rules of the game while the game is underway and after those same rules had already been profoundly changed”. Thus the Secretary General of Assopopolari, Giuseppe De Lucia Lumeno.
“It is, therefore, an arbitrary intervention that would produce harmful effects on the economy. Not regulatory rules but economic policy measures that would suffocate it just as timid signs of recovery can be glimpsed. Quite the opposite of what the ECB, with an expansive and painless monetary policy, has been pursuing for over two years. A fury especially for the Small and Medium Enterprises which represent the backbone of the economy, at least, in Italy. Quite the opposite of what happens in the USA where the Governor of the Fed, Janet Yellen has pronounced herself in favor of "tailor-made" rules to take into account the size of the institutions and their complexity".
