Italys market watchdog calls for eCB coordination as banking deals boom

Milan, – Italy’s Financial Markets Watchdog Consob Said on Friday a Lack of Regulatory Alignment with the European Central Bank is Creating Friends in the Oversight of a Recent of a Recement of our.

The Country’s Banking Sector has in the last year a raft of bids and offers, including unicred ’s all-share offer for smaller peer banco bpm, creating a complex web of deals beetween Some Biggest players.

In a speech delivered for consob’s annual assemble in Milan, The Watchdog’s President Paolo Savona Mentioned “Difability” in Coordinating with the Ecb Dining the evaluation of milluation of milluation of milluation of Six TACKENTION Offers that have emergeed since Since Late 2024.

“Despite the fact that Consob Had Signed A Memorandum of Understanding Committing to Exchange Information with the need for Specific Formal Reminders, Difacity, DIFFICULTIES in Dialogue Arose, Raising Uncertaintiies about the timing of responses, “Savona said.

Many of the banking deals related to heavily on equity swaps – mechanisms sensitive

“These price-dependent structures require timely, coordinated oversight,” Savona said.

The ECB declared to comment on the matter.

The wave of bids rocking italy has been pitted the country’s second-bigaste bank unicredes against the government over its proposed public exchange offer for banco bpm.

Italy has invocated its “golden power” to set the terms of unicredit’s offer, Citing National Security Concerns.

Savona said the Italian rules – initially introduced as an extraordinary Safeguard Against HOSTILE SHAINTES Threats from Foreign Investments.

He said aligning these domestic frameworks with european treaty obligations is urgent, essentially amid eu-level discussions on reforming Phoreign Direct Investments.

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