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Italian President approved parliamentary inquiry of banks

Sergio Mattarella, Presidente della Repubblica Italiana (Foto tratta da quirinale.it)


On Friday, March 29 President Sergio Mattarella signed the law about creating a parliamentary commission which will hold inquiry of Italy’s banking sector.

The commission is set to look into a series of banking crises in recent years.

The Bank of Italy has been criticized for allegedly failing to have prevented the crises with its oversight activities.

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