On Air Now

Upcoming Shows

Program Schedule »

Tune in to Listen

1590 AM Coldwater, Michigan 95.5 FM Coldwater, Michigan

Weather

Current Conditions(Coldwater,MI 49036)

More Weather »
56° Feels Like: 56°
Wind: SW 6 mph Past 24 hrs - Precip: 0”
Current Radar for Zip

Tonight

Partly Cloudy 54°

Tomorrow

PM Thunderstorms 79°

Sun Night

Heavy Thunderstorms 63°

Alerts

  • 0 Severe Weather Alerts
  • 0 Cancellations

EBA says new derivative rules to prevent new Monte Paschi cases

MILAN (Reuters) - The European Banking Authority chief Andrea Enria said the new rules on derivatives under completion will reduce the chances of a new financial scandal like that emerged at Tuscan lender Monte dei Paschi di Siena .

"With the new rules on derivatives we are finalizing it will be more difficult to see a case (like Monte dei Paschi)," Enria said on the sidelines of a banking conference in Milan.

"We have to avoid that this case (of Monte dei Paschi) lead to generalizations," Enria said, answering a question about the credibility of Italian banks.

(Reporting by Francesca Landini and Gianluca Semeraro; editing by Antonella Ciancio)

Comments