Bloomberg News

Italy’s Legislature Prepares Amendment on Bank Rules, Ansa Says

March 05, 2012

Lawmakers in Italy’s Chamber of Deputies are preparing an amendement to ease proposed rules that would restrict commissions that banks could charge on loans, news agency Ansa reported.

The top managers of the Italian Banking Association offered their resignations on March 2 to protest the restrictions that were added as amendment in the Senate to a law aimed at opening up Italy’s economy to more competition.

The new amendment would limit the restrictions on commissions to banks that are in violation of rules aimed at promoting transparency, Ansa said.

To contact the editor responsible for this story: Andrew Davis at abdavis@bloomberg.net


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