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Banks, Profumo (Mps): strengthen the powers of the EBA

According to the president of Montepaschi, "it is essential to recreate an effective single European market" - The Bank must grow revenues "by focusing on services" - Mayor Ceccuzzi's resignation weighs heavily, but the Bank's board of directors will react "by giving even greater impetus to his Work".

Banks, Profumo (Mps): strengthen the powers of the EBA

“It absolutely is it is essential to recreate an effective single European market, which today has split up into individual countries. We also need to strengthen the powers of the EBA, so that it verifies that the supervision at European level is homogenous". These are the priorities for the second European banking market Alessandro ProfumoMPS president. 

“Italy – added Profumo – is a country that has had fewer problems from the point of view of the banking system, because it has had a more attentive Supervisory Authority”. In Europe, on the other hand, "we have dealt a lot with rules, but we need to deal more with supervision".

Narrowing the gaze to the Montepaschi group, according to Profumo it is necessary to significantly increase the ability to generate revenues. The expansion of services, including those of protection, is essential. Banks must increasingly move away from the traditional relationship with customers linked to banking services and increasingly become a point where customers find answers to their needs".

The instability created by resignation of the mayor of Siena, Franco Ceccuzzi, is not positive for Mps, but the Bank's board of directors will react "by giving even greater impetus to its work". As for the legal case linked to the purchase of Antonveneta – concluded Profumo – “there is no news. And in these cases, even if we had them, we would not comment on them, out of institutional respect for those who do this job".

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