The EU Commission approves revised commitments by Italy for precautionary recapitalisation of the country’s 5th largest bank (Banca Monte dei Paschi di Siena)

State aid: Commission approves revised commitments by Italy for Banca Monte dei Paschi di Siena* The European Commission has approved, under EU State aid rules, a set of revised commitments submitted by Italy, replacing the original commitments on the basis of which the Commission had approved a precautionary recapitalisation of Banca Monte dei Paschi di Siena (‘MPS'). In July 2017, the Commission approved Italy's plan to support a precautionary recapitalisation of MPS, on the basis of commitments submitted by Italy. Under these commitments, the bank had to implement specific measures to restore its long-term viability, minimise distortions of competition and ensure an adequate own contribution to cover losses

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European Commission, The EU Commission approves revised commitments by Italy for precautionary recapitalisation of the country’s 5th largest bank (Banca Monte dei Paschi di Siena), 2 August 2022, e-Competitions August 2022, Art. N° 108144

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