Bank of Italy Letter Slams `Arbitrary' ECB Over Capital DemandsBy
Italian SSM board member says ECB capital calculation flawed
Letter to ECB's Nouy says capital rules 'jeopardize recovery'
The European Central Bank risks criticism for “unwarranted” and “arbitrary” decisions over higher capital requirements for euro-area lenders that could harm the fragile economy, according to a letter written by Fabio Panetta, Italy’s member of the ECB’s Supervisory Board.
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