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Italian Watchdog Probes Financial Sector

Law360 (July 3, 2007, 12:00 AM EDT) -- The Italian Antitrust Authority has launched a probe into the country's banks and insurance companies over suspicions that the industry's corporate governance structure stifles competition in the financial markets.

In light of several rule changes that deregulated the financial sector, the Italian regulator's fact-finding investigation will look at the relationship between a company's corporate structure and its propensity to compete, the authority said on Tuesday.

“In the view of the Antitrust Authority, banks and insurance companies are less inclined to compete with each other than companies...
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