Giuseppe Vegas, the head of
Italian stock-market regulator CONSOB, told the parliamentary
commission of inquiry into the banking crisis Thursday that he
once spoke to Cabinet Secretary Maria Elena Boschi about Banca
Etruria and Banca Popolare di Vicenza.
The banks were among several lenders whose troubles forced
interventions featuring billions of euros in public money to
prevent failures that would have had devastating consequences
for Italian finance.
The father of former relations with parliament minister
Boschi is a former vice president of Banca Etruria.
"I spoke about the question with then minister Boschi,"
Vegas told the commission regarding Banca Etruria.
"(She voiced concern) about a worrying outlook because, in
her opinion, it was possible that Etruria would be incorporated
by the Popolare di Vicenza and this was damaging for Arezzo's
main industry, which is gold.
"I replied to her that CONSOB was not competent (for bank
mergers)".
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