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On 28 May 2011, An
Italian court sentenced him four years in jail for market-rigging related to a 2005 takeover battle over Italian bank Banca Antonveneta. A Milan court has also ordered Fazio – who headed the Bank of Italy from 1993 to 2005 – to pay a 1.5 million euro ($ 2.14 million) fine
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on 16 December. He is also under investigation in Rome for having pressured the apparatus of the Bank of Italy to give green light to
Fiorani's takeover of Antonveneta.
188:, he became governor of the Bank of Italy. Some years after his appointment, it was said that he was interested in the leadership of the left-wing coalition to beat
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resigned in protest against the lack of determination in the government. The government maintained that it had no power to remove the governor of the central bank.
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Although he had resisted calls to resign for months, these latest developments were the last straw, and Fazio stepped down on 19 December 2005. A new governor,
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In 2005, Fazio came under heavy pressure to resign (which he eventually did) over his role in allegedly rigging the competition to take over an
Italian bank,
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Gianpiero
Fiorani was arrested on 14 December 2005 for investigation of his role in the affair, and Fazio was officially put under investigation in
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for his role in the takeover saga pitting Dutch Bank ABN AMRO against Italy's Banca
Popolare Italiana (BPI).
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Silvio
Berlusconi's government, itself in troubled times because of the utter defeat in the
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He started work at the Bank of Italy in 1960. In 1993, after his predecessor
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After graduating in economics in 1960, he continued his studies at the
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and
Economic Consultant to the Economic Research Department of the
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from 1993 until his resignation amidst controversy at of 2005.
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He is reported to be very religious, and close to the
284:"Ex-Bank of Italy chief sentenced to 4 years in jail"
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146:) is an Italian banker, who was the Governor of
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192:'s right wing one. After Berlusconi won the
333:Governor Fazio's daughter becomes a lay nun
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57:4 May 1993 – 19 December 2005
476:People from the Province of Frosinone
251:, was appointed on 29 December 2005.
155:Massachusetts Institute of Technology
124:Massachusetts Institute of Technology
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296:from the original on 28 March 2019.
368:Fazio shamed out of office at last
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375:Global Agenda, 19 December 2005.
222:regional elections of April 2005
466:Governors of the Bank of Italy
232:Investigations and resignation
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428:Governor of the Bank of Italy
159:Rome University (La Sapienza)
45:Governor of the Bank of Italy
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216:Reaction of the government
184:left office to become the
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138:(born 11 October 1936 in
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397:Deputy Director General
200:The Antonveneta affair
186:Italian Prime Minister
194:2001 general election
144:province of Frosinone
421:Carlo Azeglio Ciampi
182:Carlo Azeglio Ciampi
68:Carlo Azeglio Ciampi
382:Government offices
226:Domenico Siniscalco
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435:Succeeded by
408:Succeeded by
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418:Preceded by
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75:Succeeded by
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456:1936 births
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450:Categories
432:1993–2005
405:1982–1993
259:References
190:Berlusconi
119:Alma mater
101:1936-10-11
53:In office
294:Archived
210:ABN AMRO
399:of the
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170:Vatican
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238:Milan
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