Monte Paschi CEO Fabrizio Viola

Monte Paschi CEO Fabrizio Viola

Alessia Pierdomenico/Bloomberg

Fabrizio Viola, chief executive officer of Banca Monte dei Paschi di Siena SpA, and Chairman Alessandro Profumo are being forced by the European Union to conduct a more rigorous overhaul of the world’s oldest bank than initially planned to secure the rescue package.