An initial, provisional evaluation of
the application of European Central Bank bail-in rules "cannot
be said to be positive", Giuseppe Vegas, the president of
stock-market regulator CONSOB, said on Monday.
"The very rules that Europe gave itself to ensure stability
have in this case shown themselves to be a factor of
instability," Vegas said. "The management of crises may require
timely intervention that is not compatible with the mechanisms
in Frankfurt and Brussels," he added.
ALL RIGHTS RESERVED © Copyright ANSA
