ROME: Italy is considering tightening a state guarantee scheme designed to help banks shed bad debts while weighing its extension to cushion the hit from the Ukraine war and the pandemic, according to people familiar with the matter.
Since its 2016 launch, the Authorised Contractual Scheme (ACS) has helped Italian banks offload 96bil (US$103bil or RM451bil) in bad debts by softening the hit from the disposals to their earnings.
