BoI, CONSOB agree to up collaboration (3)

For oversight and resolution

(ANSA) - Rome, June 8 - The Bank of Italy and bourse regulator CONSOB on Friday agreed to boost collaboration after a string of banking crises. The two bodies "signed a framework agreement for collaboration and coordination in exercising the functions of oversight and resolution", a statement said.
    A parliamentary probe into the banking crises recently rapped both the BoI and CONSOB for failing to see the crises coming and not doing enough to prevent them.
    photo: BoI chief Vincenzo Visco

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