BAGNAIA, Florence (Reuters) - The head of Italy's Monte Paschi
"The European Commission determines the maximum feasibility limits, the effective timing is decided by the markets," Monte Paschi Chief Executive Fabrizio Viola told reporters.
"I think the Commission will indicate a limit of 12 months and I think it will be binding," he said. ($1 = 0.7402 euros)
(Corrects alert and story to show CEO believes the timetable will be binding, fix garbled currency conversion)
(Reporting by Silvia Ognibene; editing by Francesca Landini and Anthony Barker)