Chief Financial Correspondent, Italy, Milan
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Mar 7, 2014

Bank of Italy scrutinises banks’ property valuations

MILAN, March 7 (Reuters) – The Bank of Italy is hiring up to
five real estate consultants to assess whether banks are
correctly valuing property used as loan collateral amid
depressed market prices, potentially forcing them to set aside
more cash against defaults.

Collateral valuations are one of the biggest sources of
uncertainty for Italy’s banks as they prepare for a Europe-wide
review of the sector, starting this month, with seven banks
already planning to raise more than 7.5 billion euros ($10
billion) to shore up their balance sheets.

Mar 3, 2014
Mar 3, 2014
    • About Lisa

      "I have been a correspondent for 13 years, reporting on banks, financial regulation and EU politics from London, Brussels, Zurich and Milan. I have also written about a variety of business sectors, general news, the arts and sport. As Chief Financial Correspondent for Italy, I keep a close eye on top Italian business stories, particularly Fiat and banking."
      Joined Reuters:
      1998
      Languages:
      English, Italian, French, German, Dutch, Spanish
      Awards:
      2010 Reuters Star Performer Award
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