Die FT meldet nun, daß die italienischen Banken versuchen, die Banca d`Italia dazu zu bewegen, die gehaltenen Goldreserven so neu zu bewerten, daß die Aktien der Zentralbank höher bewertet werden können, um sich wiederum Kapitalerhöhungen im Kontext von BaselIII sparen zu können (bei ZH zitiert):
"The Bank of Italy currently has a nominal value of just €156,000 ($215,000) divided into 300,000 shares which are distributed among Italy’s retail and savings banks according to their size.
Senior bankers say taking into account the surge in gold prices the Bank of Italy could have a mark-to-market value of about €30bn. Analysts estimate the Italian banking sector has combined recapitalisation needs of much the same amount to comply with new Basel III capital rules.
Any debate over the value of the Bank of Italy has met with opposition from the central bank concerned that it could harm governance. For the same reason, executives at Italy’s banks are not involved in the central bank’s decision-making process.
But several sources familiar with the talks say Italy’s banking lobby is gaining political traction amid opposition from its core shareholders, the local banking foundations, to capital increases as they fear a dilution of their stakes.
Italy’s government has also indicated there is a political will to reduce the need for Italian banks to access the capital markets"