The Senate on Wednesday approved
setting up a commission of inquiry into Italy's banking crises.
The issue now moves to the House.
It would be the second such commission.
The anti-establishment 5-Star Movement (M5S) had presented a
bill for the creation of a new parliamentary commission of
inquiry into Italy's banking sector, which has been beset by a
series of crises in recent years.
Another commission of inquiry into the sector concluded
earlier this year, finding that watchdog bodies such as the Bank
of Italy and bourse regulator CONSOB had been ineffectual in
preventing crises.
M5S Senator Gianluigi Paragone said the new inquiry would,
among other things, monitor the situation regarding
non-peforming loans "one of the critical areas for small
entrepreneurs".
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