The massive restructuring of European banks will be positive in the end, the head of Italy’s main stock exchange told CNBC, on the day that Italian lender Banca Monte dei Paschi unveiled its new turnaround plan.
However, Raffaele Jerusalmi, CEO of Borsa Italiana, also warned that the financial industry needed to strike the right balance between restructuring and regulation.
“In general, what is happening in terms of the restructuring that we are seeing in the banking sector all over Europe is going to be positive in the end,” he told CNBC.
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