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New banking supervision and Italian banks

New banking supervision and Italian banks

The operating procedures of the Ssm will be developed with the assistance of national supervisory authorities and the full adoption of the best practices of supervision will require adequate time for its implementation. The new rules aim to increase the stability of financial systems and to reduce costs of any crisis situations and, therefore, a further capital strengthening will be made easier by actions to improve the ability of banks to attract capital and to increase profitability