IT’S COMPETITIVENESS & NOT CONSOLIDATION 
THAT WILL HELP ITALIAN BANKS
Guess, what’s the similarity between Antonio Fazio, the erstwhile Governor of Banca d’Italia (Central Bank of Italy) and Mario Draghi, the present Governor? Well, they both share one common characteristic – protectionism. The ongoing consolidation buzz, which started on August 28 this year with Banca Intesa and Sanpaolo (the second and the third largest bank of Italy) announcing the €29.43 billion merger, is just a result of the prevailing protectionist mindset. The merger has surely brought in a sigh of relief for the Italian banking system that was under a shock after two mid-sized Italian banks, Banca Antonveneta and BNL, were taken over earlier this year by the non-Italian ABN Amro and BNP Paribas respectively.
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
THAT WILL HELP ITALIAN BANKSGuess, what’s the similarity between Antonio Fazio, the erstwhile Governor of Banca d’Italia (Central Bank of Italy) and Mario Draghi, the present Governor? Well, they both share one common characteristic – protectionism. The ongoing consolidation buzz, which started on August 28 this year with Banca Intesa and Sanpaolo (the second and the third largest bank of Italy) announcing the €29.43 billion merger, is just a result of the prevailing protectionist mindset. The merger has surely brought in a sigh of relief for the Italian banking system that was under a shock after two mid-sized Italian banks, Banca Antonveneta and BNL, were taken over earlier this year by the non-Italian ABN Amro and BNP Paribas respectively.
For Complete IIPM – Editorial , Please Click on IIPM-Editorial Link
Source:- IIPM-B&E , Initiative:- Prof. Arindam Chaudhuri - 2006
