Bloomberg the Company

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Follow Us

Industry Products

Merkel Wants to Cut Overlapping Bank Directorships, Monti Says

Don't Miss Out —
Follow us on:

Sept. 9 (Bloomberg) -- German Chancellor Angela Merkel would like to follow Italy and limit the ability of directors at banks and insurance companies to sit on multiple boards, Italian Prime Minister Mario Monti said.

“Mrs. Merkel told me, ‘In Germany, I really think we should do something like this,’” Monti said in a speech today at a conference in Cernobbio, Italy.

Monti cited how he passed a rule in Italy for “the elimination of the possibility of interlocking directorates, or the crossed positions on the boards of banks and insurers” as an example of what he discussed with Merkel about doing in Germany.

To contact the reporter on this story: Andrew Frye in Cernobbio at afrye@bloomberg.net.

To contact the editors responsible for this story: James Hertling at jhertling@bloomberg.net;

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.