3 One of the first issues relates to the strategies adopted by banks to manage NPLs. Farreaching changes are necessary here. The guidelines published by the SSM are an important point of reference; the Bank of Italy is extending them, with the necessary adjustments, to the banks under its direct supervision.
There are a large number of options from which the banks can choose and they should take advantage of them. The Italian banking system is now more aware of the various incentives, as is clear from the initiatives already under way, but a stronger and broader commitment is needed.