On the Cash desk regime of special vigilance, different from the rules that apply to banks
Bank of Italy And Cdp could start a comparison table to understand what margins there are to apply a more stringent supervision of the Cassa driven by Dario Scannapieco. He writes it on Messenger reporting that it would take place at the end of 2021 a meeting between the same number one of the Via Goito group and the supervisory heads of the Bank of Italy from which a general green light would have come to discuss the dossier.
The first technical meetings could end scheduled shortly. The Cassa is currently subject to one special vigilance, in the sense that the same rules do not apply to the CDP as in the banking sector. To apply tout court the Basel rules at the Cassa, however, would risk severely limiting Cdp’s operations: from the concentration of its credits, especially towards local authorities, to which it finances investments in roads, schools and other public works at very low rates, up to the possession of a large number of shareholdings which, if the prudential rules of the banks were to be applied, would be hardly compatible with the assets of the Cassa.
In short, the theme is not only technical, but also and above all political, because for some time now the CDP has been a sort of armed wing of the government for interventions in the economy.
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