Florence's court of appeal has said
that Italian stock market regulator CONSOB knew about the crisis
Banca Etruria was in way back in 2013.
Banca Etruria went to the wall in 2015, leaving many small
investors with worthless bonds in the medium-sized lender.
The court said CONSOB know about the situation thanks to
documentation provided by the Bank of Italy in the explanation
of its ruling cancelling penalties that the regulator handed out
in relation to the information provided for a capital increase.
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