IMF wants more accountable Bank of Italy

The International Monetary Fund said on Wednesday 2 November that the Italian government should toughen up a draft reform of the Bank of Italy to make the central bank more transparent and accountable.

An IMF report released at the end of a fact-finding mission to Italy said the BOI's accountability "is not commensurate with its appropriately high degree of autonomy."

The IMF's delegation chief, Alessandro Leipold, told reporters that if the Bank of Italy maintained control over bank competiti