Bank of Italy responds to Parmalat criticism

Italy's central bank mounted a fight back at the weekend following government accusations that it had neglected its regulatory duties and ignored warnings over the Parmalat fraud.

Bank of Italy officials rejected claims that the bank had received specific early warnings from the government about Parmalat, and said any such warnings should in any case have been sent to Consob, Italy's stock market regulator, and to judicial authorities.

The bank's riposte stoked the fire in a battle that pits An

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