Italy’s government leaders promised to replace top officials at the country’s central bank, who they said must pay for failing to prevent a spate of banking scandals in which thousands lost their savings.
The first Bank of Italy director in the sights of the anti-establishment 5-Star Movement and the right-wing League is Luigi Signorini, a member of its five-member executive board whose renewable six-year mandate expires this month.
“The management of the Bank of Italy and (market watchdog) Consob have to be completely cleared out,” League chief Matteo Salvini told a gathering of former clients of small northern banks wound down in 2017.
“We are here because those who should have supervised didn’t supervise.”
via Ansa/Reuters
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