Bank of Italy seeks more powers in wake of Monte Paschi troubles
BERGAMO, Italy (Reuters) – Bank of Italy Governor Ignazio Visco called on Saturday for more powers for bank regulators to step in and dismiss bad managers but defended his institution’s oversight of the troubled Monte dei Paschi di Siena . Responding to criticism about banking oversight in the case of the Tuscan lender, Visco repeated that central bank supervisors had acted appropriately but asked for more scope to act in exceptional cases. . . .
View full post on Business News Headlines – Yahoo! News
Leave a Reply