Don't meddle with central bank's role, Italy president warns parties
Reuters
Published Mar 29, 2019 07:31AM ET
Don't meddle with central bank's role, Italy president warns parties
ROME (Reuters) - President Sergio Mattarella on Friday warned Italy's ruling coalition not to interfere with the independent role of the Italian and European Central Banks.
The ruling League and 5-Star Movement plan to set up a parliamentary commission to look into possible failings of oversight by the Bank of Italy which they say led to the collapse of numerous Italian banks.
Mattarella issued a statement warning that the commission must not "overlap", or attempt to reduce the independence of the Bank of Italy, the ECB or other market supervisory agencies.
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Written By: Reuters
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