Banche, la lettera di Hill e Vestager a Padoan del 19 novembre

mercoledì 23 dicembre 2015 12:26
 

BRUXELLES, 23 dicembre (Reuters) - Reuters pubblica la lettera inviata il 19 novembre 2015 al ministro dell'Economia, Pier Carlo Padoan, dai commissari europei ai Servizi finanziari e alla Concorrenza, Jonathan Hill e Margrethe Vestager, che secondo il governo italiano ha precluso l'intervento del Fondo di tutela dei depositi (Fitd) nel salvataggio di Banca Marche, Banca Etruria, CariChieti e CariFerrara.

La posizione ufficiale dell'esecutivo è che l'intervento del Fitd sarebbe stato considerato aiuto di Stato e come tale avrebbe potuto essere utilizzato all'interno di una procedura di risoluzione, secondo la direttiva europea sui salvataggi bancari, la Brrd. Dunque sarebbero stati comunque colpiti azionisti e detentori di obbligazioni subordinate delle banche oggetto di salvataggio.

Di seguito il testo:

"We are writing to clarify the Commission's position concerning the use of deposit guarantee schemes for the recapitalisation of credit institutions, following the various exchanges at political level, as well as the numerous contacts between our respective officials, relating to a small number of non-systemic Italian credit institutions.

First of all, since contacts on this matter began in May, the cooperation between our services has been constructive, and we would like to express our appreciation. For our part, throughout this process, the Commission has sought to provide guidance and support to the Italian authorities with a view to finding swiftly pragmatic and sound solutions. Our officials remain available to help in all respects.

Like the Italian government, the Commission very much supports the objective of limiting public support to the banking sector. This is indeed one of the main aims of the EU legislation agreed in the wake of the financial crisis and a key objective of our State aid rules in this area. More stringent capital and liquidity requirements for credit institutions will reduce the risk that banks get into difficulties in the first place. In the event that banks do get into difficulty, and public support in whatever form is needed, the Bank Recovery and Resolution Directive in combination with State aid rules, is designed to ensure that the principle of private burden-sharing is applied and the cost for the public purse is limited to the greatest extent possible.

So against this background, whilst respecting that it is for the Italian authorities to determine the policy approach and methods, it is clear that the Commission would always favour private or market-based solutions, where possible, and indeed this is reflected in the applicable rules.

As regards the relevant EU legislation, the overall objective of the Bank Recovery and Resolution Directive is to avoid the involvement of cost for taxpayers in the recovery and resolution of credit institutions. When looking at how any article should be read in this directive, this overall objective must be kept in mind. Furthermore, the directives on deposit guarantee schemes and on recovery and resolution of banks need to be interpreted consistently in a manner which does not deprive the provisions of either legislative act of their "effet utile". On this basis, we find that there is no contradiction between the Bank Recovery and Resolution Directive and the Deposit Guarantee Schemes Directive.   Continua...