Posts Tagged ‘Italy’

Italian RECAP?

February 23, 2010

Bank of Italy Governor Mario Draghi says “the variety of new (bank) fees makes it difficult for customers to compare the different offers.” He then seems to propose a RECAP-style system of simplification and disclosure.

Within days we will submit to the Government a comprehensive regulatory proposal that can lead to clearly stated charges, so that all customers can compare different banks and competition can operate freely, without the impediment of opacity.

A pdf of the full speech is here. Hat tip: Amol Agrawal.

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