Di Maio and Salvini promise to replace top officials of Italian Central Bank for failing to prevent banking scandals
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.”