Trichet: Fazio may have infringed ECB rules

Bank of Italy governor Antonio Fazio would have infringed the European Central Bank's code of conduct if press information of improper links with Banca Popolare Italiana CEO Gianpiero Fiorani proved founded, ECB president Jean-Claude Trichet said on Friday 16 December.

According to Italian investigators, Gianpiero Fiorani, the banker under arrest in the Italian financial scandal gave Fazio a gift-wrapped food hamper and two bottles of Dom Perignon champagne, a Cartier pen, a smoking jacket, a