Save Banks, Padoan “full confidence in the Bank of Italy and Consob. Woods? It will come to the big” – The Republic

Milan – “The institutions are united and strong. Full confidence in the Bank of Italy and Consob.” The Minister of Economy, Pier Carlo Padoan, defends the institutions involved in the story of the rescue of CariFerrara, CariChieti, Banca Etruria and Banca delle Marche: banks in serious trouble management for managerial responsibilities on which there are also investigations of the prosecution, that They have been saved by a government decree.

“The supervisory activity – added Padoan, referring to the four banks saved – is not questioned.” Palazzo Koch and sull’Autorithy financial markets has directed the anger of many unsuspecting investors, who trusted the suggestions made at the branch and put their savings on products that were then written down in the rescue operation: as they arrive the most pressing questions on the role of prior surveillance and transparency in the placement of the bonds, but also on early action to stop the negative spiral management which later led to commissioners and rescue. Roberto Nicastro, president of the “new” four banks cleaned up the bad debts, the problems involving the savers of 4 banks in crisis “are a phenomenon of acute but fortunately much more limited” than initially feared.

The Minister Padoan could not be exempt from commenting on the political issue that also concerns the Minister Maria Elena Boschi, accused of being in conflict of interest for the role in the first place the father in Banca Etruria (vice president). “The minister will come to the big Woods to this question because there is nothing to hide,” said the owner of the Finance Radio too , arguing the request of distrust of the M5S. “If there were the individual responsibility will check”, but you can not “take the blame” and “smear” the whole system.

As for the rest of the damage suffered by private investors who have lost a large part of their savings, Padoan has slowed on ways and means: “It ‘s still early to talk about thresholds, you have to put in motion a mechanism like arbitration, which we will do. I would like to pray to avoid giving numbers. The only number of which now we are sure is that there are 100 million coming from the banking system for this instrument “and that the surgery will go targeted” the weakest “.

Returning to Nicastro, the president of the four institutions He took stock of the situation: “We are doing a survey of the phenomenon and we released the very first elements of fact: half of the placement was done with institutional investors and therefore, the problem is acute, but fortunately much circoscritto.Si is about a thousand cases and many other delicate 8 thousand cases of savers with a problem that is between 1% and 29% of their assets at the bank and other intermediate cases. ” Then he adds, the fear of flight of depositors, “It ‘human develop some concern, but I feel absolutely clear in saying that we are talking about four new banks with zero suffering and built to serve customers; also the numbers are much smaller to what s’ipotezziva: 1% of customers and 10% in a very delicate situation, it is a thousand-sparing for a total of 30 million, more than 100 million for intermediate cases. “

Arguments:

saving banks

banks

Starring:

Pier Carlo Padoan

Maria Elena Boschi