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.
Please follow link!
Nudge blog 
October 3, 2010 at 12:16 pm |
That isnt a bad idea at all. Why should he let the players get off easily if they are late? No, being a teacher myself I favour order. Keep it up! /linser