There will be "no shield" for
the Bank of Italy and bourse regulator CONSOB when the
government launches its planned measures to help those bilked in
Italy's banking crises in recent years, Deputy Premier Luigi Di
Maio said Wednesday.
Implying that victims may be able to sue the oversight bodies
for failing in their duties, Di Maio said "we will only save
small savers".
Di Maio was speaking after a summit on local cooperative
banks, which the government said it would help with a package of
measures.
"The BCCs give credit to the country's small and medium firms
and they don't go speculating on the bourse," he said.
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