My Italian: Chapter 178 National Bank of Italy

"My Italian (

While the undercover scrutiny of Tanelogia continues, the former Bank of Rome president has no room for resistance. Because an individual cannot fight against the state unless he is a lunatic or an anarchist.

But then again, if he is, how can he achieve such a high-level position as the president of the Bank of Rome?

So in order to protect himself, Taneloja had to issue a statement claiming that he was suffering from an illness and had to relieve himself of the responsibility of the president and go home to recuperate.

Then he spat out the money he was greedy for ink, got the government's decision to let him go, and was ready to go home and spend the rest of his life in peace. As for finding a new job, it is too difficult for Taneloja, who has served as the president of a big bank. Don't think about the domestic banks in Italy. As for other national banks, who would want a sick person to assume such a prestigious position as President.

So he had no choice but to go home.

For the government, after the smooth disposal of Taneloja, the danger of mine explosions was temporarily lifted.

Of course, the lessons learned this time are too profound. In order to prevent this from happening, it is also necessary to conduct an inventory of the banking and financial industry. Subsequently, the government dispatched various monitoring teams to start an inventory of each bank, whether it is a state-owned bank or a private bank, it is within the scope of supervision.

These monitoring teams include both capable financial insiders, savvy financial reviewers, and seasoned supervisors. That's right, in order to avoid the supervision team and the bank's internal complicity, each team has a different number of supervisors.

In the face of such a big battle from the government, the banking industry was wailing for a while, and a large number of supervisors made bank practitioners wailing.

Under the rummaging inspections by these monitoring teams, the banks have a lot of problems. It's just that I don't know if I don't check it, and I'm shocked when I check it.

From illegal lending, such small problems, to self-stealing, even money and power transactions, beauty transactions, etc., all of them show how unscrupulous banks lack supervision.

For the problems that have emerged from these banks, the government has also given various measures to deal with them. Issues that may lead to bank turmoil are handled with caution. And for those problems that don't cause these situations, it's hard to deal with them.

Although this seems to be a bit like daring to slap flies, not swatting tigers. But in this situation, this is the only thing the government can do.

Of course, those violators who were found to have problems were all kicked out of the bank, and they would never think of working in the bank for the rest of their lives.

While the government was rectifying the banking industry, Carlo, the monarch, was not idle. Although the current government's rectification efforts are very strong, he knows that this is only a temporary solution, but not the root cause. After a period of time, those moths inside the bank will resurface. This is the same as catching corruption, it is a long-term job.

And he intends to take out the big killer that will supervise the banks in the future, and put a shackle on these banks, lest they think that they can show off their power if they escape the limelight.

"Your Majesty, is this what you prepared?"

In Carlo's office, Tejera, the chancellor of the exchequer, asked in surprise. Because of this summons, he did not expect that the king would suddenly come up with a plan to supervise the bank. In fact, it was not only him, but also the prime minister on the side.

"It doesn't matter, this is the way I prepared after consulting with several experts in the financial and banking industry."

In the face of the Minister of Finance's inquiry, Carlo did not dare to take credit. He has self-knowledge. With the little financial knowledge in his stomach, how could he make such a plan. And he wasn't wrong. He actually hired several experts from well-known financial banks to do it, but it was he who proposed the method, and the expert team was responsible for perfecting it.

What the Chancellor of the Exchequer looks at is the final customized product. The reason why the Chancellor of the Exchequer should look first, rather than the Prime Minister, is that the proposal would take a lot of power away from the Treasury.

Although this newly established department will also be managed by the Ministry of Finance, but this is still separated by a layer. That's right, what Carlo is preparing is the central bank. To say that there are central banks in Europe now, such as the Bank of England, the Deutsche Reichsbank, etc., but these central banks are also gradually being transformed into central banks.

And Carlo intends to skip the central banks that are still slightly rough in various countries, and directly use the central bank of China, which is the most powerful in the future, as a template. Of course, he knew that there were definitely not that many, but isn't this an expert? Just ask them for professional knowledge.

So in Carlow's scheme, the central bank is not just a bank within a bank, but a financial sector with administrative responsibilities. From formulating financial policies and development strategic plans, to drafting relevant laws and administrative regulations, improving the operating rules and systems of relevant financial institutions, formulating and implementing monetary policies, and even managing the treasury, it can be regarded as a functional department in charge of finance.

Most of these responsibilities were previously in charge of the Ministry of Finance, so in the face of Carlo's plan, Teyera, as the Minister of Finance, definitely has something to say.

"Your Majesty, it may be inappropriate to put so many functions in one bank."

Don't blame the Chancellor of the Exchequer for this, because it's unprecedented to have a bank in charge of a country's finances.

Facing the words of the Chancellor of the Exchequer, Carlo said with a smile. "Your Excellency Teyera, you have also seen that this is not just a bank, but a department, but this department has some characteristics of a bank, so I think it should still be called a bank. Of course, if you don't like it~ www.mtlnovel.com~ Then we can change its name too."

Although Carlo was using the tone of inquiry, whoever was serious at that time was a fool. And Teyera is of course not a fool, he can still understand the firm meaning in the king's words.

Of course, during this period of time, it was not easy for him to be the Chancellor of the Exchequer. Because of the mess in the banking industry, his prestige in the government was greatly reduced.

And fighting against the king for those moth-pickled banks, he wouldn't do it. Although there are many powers to be divided, the main responsibility of the Ministry of Finance is still there.

So under the majesty of Carlo, the Chancellor of the Exchequer was quickly defeated.

As for the Prime Minister, there is no objection to the appearance of the department that supervises banks. The only thing that is a bit unpleasant is that the king came up with this method, not the government itself. This makes him feel a little remiss recently. If it goes on like this, what is the prestige of the government, it will not become the king's answer.

Since everyone has no opinion, the proposal to form a central bank, under such circumstances, was jointly decided by the government and the king.

This newly formed bank will mainly supervise the banks in Italy, whether foreign, private or state-owned, all of which will be supervised by it. In addition, the right to print money is also owned by the bank. Except for this bank, other banks are not allowed to issue currency. Whether it is metal coins or paper money, they can only be responsible for printing.

Of course, there are some other functions, such as managing the treasury, formulating policies, etc., which will not be described one by one.

The newly formed bank was named the National Bank of Italy by Carlo. Although this is a government-owned bank, Carlo wanted to call it that.

Of course, the formation of the bank will not happen overnight, but until then, the government can still deter these banks.