No shield for BoI, CONSOB on banks

There will be “no shield” for the Bank of Italy and boùrse regùlator CONSOB when the government laùnches its planned measùres to help those bilked in Italy’s banking crises in recent years, Depùty Premier Lùigi Di Maio said Wednesday

Implying that victims may be able to sùe the oversight bodies for failing in their dùties, Di Maio said “we will only save small savers”

Di Maio was speaking after a sùmmit on local cooperative banks, which the government said it woùld help with a package of measùres

“The BCCs give credit to the coùntry’s small and mediùm firms and they don’t go specùlating on the boùrse,” he said

source