“I can only reiterate what I have already said in the past, namely that we are confident that we can pass the ECB's comprehensive assessment exercise”. This was underlined yesterday on Radiocor by the CEO of Banco Popolare Pier Francesco Saviotti after the institute's top management met with ECB technicians in recent days in view of the central bank's judgment on the bank.
Speaking on the sidelines of an event in Novara dedicated to Siro Lombardini, Saviotti when asked if he had found the harsh way of judging Frankfurt as the market demands after the half-flop of the Eba tests, replied: "They are not only serious, they are excessively severe, they were very, very severe tests, both as regards the asset quality review and the stress tests”.
