Court summons Bank of Italy officials over MPS

Lazio Regional Administrative Court wants 'clarification'

Court summons Bank of Italy officials over MPS

(see related story) Rome, January 31 - The Lazio Regional Administrative Court (TAR) said on Thursday that it had called senior Bank of Italy officials to report on the situation at the Monte dei Paschi di Siena (MPS) bank, which has been hit by a major derivatives scandal. The TAR said it had summoned Bank of Italy Director-General Fabrizio Saccomanni and the central bank's head of supervision, Luigi Signorini, to appear on Saturday. It said it wanted the officials, or their representatives, to provide "documents of clarification" about controversial plans to give the troubled bank a loan of 3.9 billion euros of public money. The court move comes after a petition by consumers' association Codacons. On Wednesday prosecutors in the southern city of Trani opened an investigation into the supervisory actions of both the Bank of Italy and market watchdog Consob regarding MPS.

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