IMF to review Italy banks' health in early 2013

The International Monetary Fund will evaluate the health of Italian banks through its Financial Sector Assessment Programme at the beginning of next year, the head of the Italian Banking Association (ABI) said.

Giuseppe Mussari added that ABI would seek an independent valuation of banks’ credit quality, for comparison with the outcome of the IMF analysis in order to get a fair valuation.

“We will pay an independent advisor,” he said on Saturday, in comments embargoed until Monday morning.

via Business feed http://www.scmp.com/business/banking-finance/article/1091796/imf-review-italy-banks-health-early-2013