• Banca Popolare di Bari. Investigated ex CEO and two ex managers for crash Fusillo
  • Banca Popolare di Bari, Giannelli reassured the managers: "It will not be a commissioner"

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by Tiziana Di Giovannandrea 22 December 2019Banca d'Italia? The position of the 5 Star Movement towards the Central Bank remains critical. The political leader of the M5s Luigi Di Maio and foreign minister in the Conte bis government has come back to attack the central banking institution saying: "That something does not work in banking supervision I believe is now under everyone's eyes. The commissioner always comes at the moment in which the situation is unrecoverable and forces politics to intervene to avoid thousands of lost jobs, zeroed savers and territorial economic crises ".

In an interview with Il Sole 24 Ore, speaking of the crisis of the Banca Popolare di Bari, Di Maio adds: "It is right for the magistrates to investigate. A bank is not failing out of nowhere. And above all it is appropriate to investigate also how, when and in what form Bankitalia has supervised, because here it is necessary for everyone to take on their responsibilities ". And then: "I find the silence that has reigned up to now embarrassing. Not even a word does not necessarily say apologies, but at least I would have expected a little self-criticism on the part of those who had the task of supervising, or Bankitalia. And instead nothing. It does him no honor. "

"We need - says Di Maio - a reform that gives Parliament more voice in the choice of top management, with the right precautions, and supervision must be reformed to be more incisive in preventive interventions. We must ensure that cases such as the Popolare di Bari no longer occur in these terms. It is clear that the system must and must be protected, that the first step is always to protect savers, but this does not mean that those who made mistakes should not pay for their mistakes ".

Already in recent days other political exponents of the M5s had shown themselves to be critical of the management of the Italian central bank. The Minister of Economic Development Stefano Patuanelli had underlined: "It is not possible that there are cyclical cases of credit institutions in difficulty, linked to a management of credit disbursement which is obviously not very careful and not very careful. Obviously there is a difficulty of the vigilance to fully respect their supervisory role ".