Banca Monte dei Paschi di Siena has on the whole a "solid" capital situation and its troubles will not affect the Italian banking system as a whole, Italy's financial stability committee said after a meeting on Tuesday.
The committee is made up of representatives of the Bank of Italy, the Finance Ministry and regulators. It deals with cases potentially affecting the country's financial stability.
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"The institution has overall a solid capital situation and the tensions that it has faced will not produce effects for the banking system as a whole," the committee said in a statement.
(Reporting by Steve Scherer, writing by Catherine Hornby)