Italian banks pass the exam of the SREP (the Supervisory review and evaluation process), or the tests of the European Central Bank on capital, liquidity, governance and business model of the banks of the Old Continent. Almost all the institutions of the Old Continent have therefore managed, as anticipated by the results that emerged yesterday evening: Mediobanca, Intesa Sanpaolo and Popolare di Milano would be in second class (an excellent positioning), the majority (including Unicredit and Mps) in third and only two (Popular di Vicenza and Veneto Banca) formally rejected but essentially one step away from promotion, given that have capital increases in the works which should bring them back above the minimum capital requirements.
The Srep serves to verify that the banks have all the capital and organizational safeguards to face the risks assumed in the exercise of their business. So far conducted annually by Bankitalia, the exam from this year has been entirely managed by the ECB and has come to an end in the past few weeks.
