Printer Friendly

-Bank of Italy governor proposes new head of central bank.

Global Banking News-June 30, 2011--Bank of Italy governor proposes new head of central bank(C)2011 ENPublishing - http://www.enpublishing.co.uk

Global Banking News - 30 June 2011

Bank of Italy governor Mario Draghi has informed Italy's Prime Minister, Silvio Berlusconi, that Fabrizio Saccomanni would be his favoured candidate to assume the role of new head of Italian Central Bank when he steps down, Dow Jones has reported, citing reports by Italian media.

Draghi, who will resign by November 1 to assume a role as president of the European Central Bank, has suggested Bank of Italy director general, Saccomanni, as the new governor of the Italian regulator, the report said.

However, the Italian administration earlier suggested that Treasury official Vittorio Grilli, who helped to design the euro zone's bailout fund, known as the European Financial Stability Facility, could be a likely candidate for the Bank of Italy lead role.

[Editorial queries for this story should be sent to gbn@enpublishing.co.uk]

((Distributed via M2 Communications - http://www.m2.com))
COPYRIGHT 2011 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2011 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:Global Banking News (GBN)
Date:Jun 30, 2011
Words:170
Previous Article:-ING Bank prices FRN issuance.
Next Article:-Banco Popolare sets new three year business plan.
Topics:

Terms of use | Privacy policy | Copyright © 2019 Farlex, Inc. | Feedback | For webmasters