A fresh request for information on Italian banks' non-performing loans (NPLs) from the European Central Bank's Single Supervisory Mechanism (SSM) "is standard supervisory practice" and has also covered various other banks in the eurozone, a spokesman for the European Central Bank said Tuesday.
Many of the Italian banks subject to the SSM's new inquiry on their bad loans dropped sharply on the Milan bourse Monday.
The SSM is the ECB's oversight body for banking
supervision.
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