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Banks: Casini chairman of the commission of inquiry

The president of the Foreign Affairs Commission will lead the commission that will investigate the Italian banking system – the institutions that have experienced the deepest crises are at the center of attention.

Banks: Casini chairman of the commission of inquiry

Confirmed the predictions of the eve. Will be Pier Ferdinando Casini, former Speaker of the Chamber and Senator of the People's Area, the chairman of the parliamentary inquiry commission on banks.

The current president of the Senate Foreign Affairs Commission was elected on the first ballot, obtaining 21 of the 40 votes cast by the members of the commission and thus reaching an absolute majority.

A figure considered by many to be "guaranteed", but who in recent days has also been the subject of controversy due to some statements made last April, when Casini defined the organ as a sign of "yielding to demagoguery and propaganda". 

“I'm worried about the timing and the electoral campaign that has already begun” – the new president said today - “it is necessary to give an initial truthful answer to Italian savers involved, verifying possible manipulations and scams. We will have to do it in a limited period of time to be established by the commission". "I will lead the commission without hesitation in identifying the personal and institutional responsibilities that may emerge" she concluded.

In "second place" was the Deputy Minister of the Economy, Enrico Zanetti (Sc-Ala), who obtained 9 votes. Followed by: Carlo Martelli (M5S) with 5 votes, Bruno Tabacci (Democratic Center) 3 votes. Two blank cards.

We recall that the commission on the Italian banking system is made up of 40 members including deputies and senators and is endowed with the powers of the judicial authority. The vice presidents are Senator Mauro Maria Marino (Pd) and Deputy Renato Brunetta (Fi) who obtained 17 and 12 votes respectively. Senators Zeller and Tosato were appointed secretaries.

The first banks placed under observation they will be the protagonists of the deepest crises such as Monte dei Paschi, Veneto Banca and Pop Vicenza. Lighthouse also on the banks placed under resolution last November, namely Banca Etruria, Banca Marche, Carife and Carichieti, three of which (with the exception of the Cassa di Ferrara) passed under the control of Ubi Banca.

The commission's mission will be to investigate the banking crises by dealing with various hot topics, such as the criteria of "managers' remuneration", the "collection of funding and the instruments used", but also the correctness of the public placement of instruments with retail customers risk and forms of credit disbursement to customers.

The commission's scrutiny will also include the cost structure and bank merger policies, the activity carried out by the supervisory authority on institutions in crisis and "observance of the obligations of diligence, transparency and correctness in the allocation of financial products, and of the obligations of correct information to investors". 

Doubts about the duration of the works of the commission. According to the law, the closure should take place "within a year of the establishment and in any case by the end of the Legislature". The "problem" is that the current Legislature should end by February 2018.

The other names who make up the commission are: the deputies Francesco Bonifazi, Renato Brunetta, Daniele Capezzone, Susanna Cenni, Gian Pietro Dal Moro, Carlo Dell'Aringa, Giorgia Meloni, Matteo Orfini, Giovanni Paglia, Carla Ruocco, Giovanni Sanga, Sandra Savino, Carlo Sibilia , Bruno Tabacci, Paolo Tancredi, Luigi Taranto, Franco Vazio, Alessio Villarosa, Enrico Zanetti and Davide Zoggia, and Senators Andrea Augello, Raffaela Bellot, Pier Ferdinando Casini, Remigio Ceroni, Antonio D'Ali', Mauro Del Barba, Paola De Pin, Camilla Fabbri, Stefania Giannini, Gianni Pietro Girotto, Andrea Marcucci, Mauro Maria Marino, Carlo Martelli, Maurizio Migliavacca, Franco Mirabelli, Francesco Molinari, Lionello Marco Pagnoncelli, Gian Carlo Sangalli, Paolo Tosato and Karl Zeller.

The President of the ABI, Antonio Patuelli, commented with satisfaction on the establishment of the commission of inquiry: "I expect, in parallel with the activity of the judiciary, that all the fuss raised about the banks in recent years will also be clarified".

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