Bank of Italy Identifies Four Countries with Systemic Risk for Banks, Including Russia

Reported about 20 hours ago

The Bank of Italy has identified the United States, Great Britain, Switzerland, and Russia as countries with significant systemic risk for Italian banks, based on end-2024 data. Major lenders such as Intesa Sanpaolo and UniCredit have notable exposure to Russia, with UniCredit reporting an increase in its Russian government bond holdings due to currency effects.

Bank of Italy Identifies Four Countries with Systemic Risk for Banks, Including Russia

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