Rules not bypassed for Veneto banks - EC

(ANSA) - Brussels, June 27 - European Competition Commissioner Margrethe Vestager said Italy's moves to avert a bail-in of two medium-sized banks, Veneto Banca and Banca Popolare di Vicenza (BPVI), had not "circumvented" EU rules.
    "The set of rules that we have leaves space to the differences (of the various banking systems)," Vestager said. She added that the Commission was authorized by the legislator to "use the rules to render the system stable and serve the rest of the economy".