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Bank of Italy Head to Face Lawmakers Over Costly Lapses

  • Visco to say central bank diligent in lender supervision
  • Finance chief: central bank role effective, except some cases
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Ignazio Visco will defend the Bank of Italy’s oversight of the country’s lenders this week after a crisis that led to taxpayer-funded bailouts, losses for small investors and a damaged reputation for the financial system abroad.

As a two-and-half month probe by the country’s parliament into the industry comes to an end, Visco will make his long-awaited appearance at a committee hearing on Tuesday.