Italy's likely finance minister knocks FSF plans

Giulio Tremonti, an Italian politician set to become the country's next economy minister, has claimed that the Financial Stability Forum's regulatory response to the subprime crisis is too lax.

The Forum's report, backed by G7 leaders meeting in Washington earlier this month, was "at first view, a bit like an aspirin to cure a more serious illness."

The G7 commissioned the Forum, which is chaired by Mario Draghi, the governor of the Bank of Italy, back in October to analyse the causes and the