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Clifford Chance

Clifford Chance
Briefings

Briefings

Italian Government Guarantee for Italian Banks' Debt Securities

12 January 2017

On 23 December 2016 the Italian government adopted Law Decree No. 237/2016 (the "Decree"), which provides, on one hand, for a State guarantee in relation to debt securities issued by Italian banks as well as in relation to emergency liquidity assistance transactions and, on the other, for measures relating to the recapitalisation of Italian banks.  This Briefing note analyses the State guarantee scheme only.

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