Mario Nava, the president of
Italian financial market regulator CONSOB, said Monday that
politicians should respect the autonomy of the markets, adding
that protecting savers must not mean the elimination of risk in
investments.
"Respect of the independence of CONSOB and respect for the
delicate mechanisms of the market by all the market operators
and by the political decision-makers is essential for the
country's stability and economic prosperity," Nava told the
CONSOB Day event.
He said it was necessary to "win back the confidence" of
savers after a series of bank crises.
But he added that "public protection of savings cannot mean
cancelling out investment risks".
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