Rome, June 19 2024 - “The new Basel rules on banks represent a small positive step forward for our system and facilitate the credit systems to the economy. Now we need to move forward along this path: the Italian government's position continues to be aimed at improving the credit system's approach to the real economy”. So said Economy Minister Giancarlo Giorgetti on the new Basel rules published today in the Official Journal of the European Union. Among the 'noteworthy positive aspects', the economy minister cites “the confirmation of the so-called SME supporting factor, agricultural land becoming valid guarantees for Basel purposes, the reduction of capital absorption on first home mortgages, and the confirmation of the reduction of absorption on assignment of one-fifth of a salary that favours consumer credit”. Among the main measures, Giorgetti also recalls “the prudential filter on government bonds and a new calculation system for minorities”.