Fazio defends conduct in takeover battle

Bank of Italy governor Antonio Fazio said he defended his conduct in clearing bank mergers and takeover bids, according to comments in La Repubblica newspaper.

Fazio is at the centre of criticism that he did not behave impartially in clearing Banca Popolare Italiana's bid for Banca Antonveneta SpA in face of rival ABN Amro Holding NV.

Fazio said he had "respected to the letter" the EU and Italian legislation on takeovers in the banks sector.

"I have never made a mistake. Or rather, I make so man