Central banks, merging banks and murky Italian waters
Abstract
Purpose
This paper seeks to provide an insight into financial crime in Italy and the highlighting of the anomalous role and position of the governor of the Italian National Bank and the need for reform.
Design/methodology/approach
Research from contemporaneous open and other sources during a comparatively intense period mid to late 2005 regarding Italian financial institutions and international banking operations.
Findings
The ground‐breaking co‐ordinated conventions and regulatory framework of international banking operations on an EU‐wide basis was frustrated in Italy by the questionable conduct of the governor of the Italian National Bank. In this he was aided and abetted by the arguably excessive powers of that office. This conduct was interacting with and linked to, several cross‐currents of ongoing alleged financial crime in Italy.
Originality/value
This gives an insight into financial crime in Italy and the highlighting of the anomalous role and position of the governor of the Italian National Bank and the necessity for reform.
Keywords
Citation
Ridley, N. (2007), "Central banks, merging banks and murky Italian waters", Journal of Financial Crime, Vol. 14 No. 2, pp. 170-177. https://doi.org/10.1108/13590790710742654
Publisher
:Emerald Group Publishing Limited
Copyright © 2007, Emerald Group Publishing Limited