The proposal by the Brothers of Italy party comes in the wake of the collapse of U.S. tech lender Silicon Valley Bank and the emergency takeover of Credit Suisse by banking rival UBS, which raised fears of systemic stress that could lead to moreThe draft law, seen by Reuters on Wednesday, would give banks 12 months to reorganise their operations and choose between commercial and financial investment activities.
FdI proposed a near-identical law in 2018, when the party was in opposition and with Meloni as the bill's chief sponsor, but it did not go past committee stage and never reached the floor of the house for approval. "Meloni's office was not informed about the legislative proposal as parliamentary initiatives are distinct from government ones," Foti said, adding he was confident the bill could be successful.
The overhaul would de-facto reintroduce 1930s-era legislation scrapped in the 1990s by deregulation reforms that some left- and right-wing politicians blame for contributing to recent financial crises.
ajboekestijn Meloni top politician of the year: social, capitalistic, realistic, pragmatic: no problem with men/talking heads, pearl for Italy
A parliamentarian who seems to be making a public agenda point to the government and opposition both sides that the people’s interests are important to the country’s future peace and prosperity. A complement to the Parlamento Italiano from Pakistan
Excellente nouvelle, le Glass- Steafal act n’aurait jamais dû être aboli aux USA, et madame Melloni prend une excellente décision
That’s actually a little sensible given what’s going on.
Go on...