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Stress tests are useful but it’s like going to the dentist, it’s useful but we don’t like it”.
So the president of UniCredit, Pier Carlo Padoanspeaking at the round table organized by Algebris Investments.
“The world we live in today is a world in which risks multiply and interact with each other and for this reason it is important that board and management interact to allow banks to be ready to face new risks”.