Rome, Nov. 6 (LaPresse) – “The impact of the measures on the overall capital position of intermediaries appears limited.” This was stated by Fabrizio Balassone, Deputy Head of the Department of Economics and Statistics, during a hearing before the Budget Committees of the Chamber and Senate on the budget, referring to the measures concerning banks: “The Italian banking system is overall solid, well-capitalized, and today among the most profitable in Europe. Credit risks remain limited, also thanks to the good financial conditions of companies. In general, it would be appropriate to avoid the frequent recurrence of unexpected tax changes.” “Overall, we do not see a serious or significant impact on the capital situation of banks,” Balassone added, responding to questions: “We see an accumulation of these DTAs over time in two concentrated fiscal years and also note that they can be converted into credits that can be offset even horizontally, so there is a risk of lower tax collection in those years.”