Lunedì, 22 Ottobre 2018

Court summons Bank of Italy officials over MPS


(see related story)
Rome, January 31 - The Lazio Regional
Administrative Court (TAR) said on Thursday that it had called
senior Bank of Italy officials to report on the situation at the
Monte dei Paschi di Siena (MPS) bank, which has been hit by a
major derivatives scandal.
The TAR said it had summoned Bank of Italy Director-General
Fabrizio Saccomanni and the central bank's head of supervision,
Luigi Signorini, to appear on Saturday.
It said it wanted the officials, or their representatives,
to provide "documents of clarification" about controversial
plans to give the troubled bank a loan of 3.9 billion euros of
public money.
The court move comes after a petition by consumers'
association Codacons.
On Wednesday prosecutors in the southern city of Trani
opened an investigation into the supervisory actions of both the
Bank of Italy and market watchdog Consob regarding MPS.

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