Antonio Fazio
Italian banker
Antonio Fazio (born 11 October 1936 in Alvito, province of Frosinone) is an Italian banker, who was the Governor of Banca d'Italia from 1993 until his resignation amidst controversy in 2005.2
From Wikipedia’s article on Antonio Fazio (this version), CC BY-SA 4.0.
Born Oct 11, 1936.1
About
After graduating in economics in 1960, he continued his studies at the Massachusetts Institute of Technology. He was assistant professor of Demographics at the Faculty of Economics of Rome University (La Sapienza) and Economic Consultant to the Economic Research Department of the Bank of Italy, which he joined as a staff economist in 1966.
He is reported to be very religious, and close to the Vatican. He has five children.
From Wikipedia’s article on Antonio Fazio, shared under CC BY-SA 4.0.2
Companies
- Bank of ItalyChair May 4, 1993 to Dec 20, 200510
Early life and education
- Date not recordedSapienza University of Rome3
Career
Occupation: economist, banker, politician.6
- 1993 to 2005Governor of the Banca d'Italia4
- 1993 to 2005Chair, Bank of Italy5
He started work at the Bank of Italy in 1960. In 1993, after his predecessor Carlo Azeglio Ciampi left office to become the Italian Prime Minister, he became governor of the Bank of Italy. Some years after his appointment, it was said that he was interested in the leadership of the left-wing coalition to beat Berlusconi's right-wing one. After Berlusconi won the 2001 general election, however, he came to be considered closer to the centre-right.
From Wikipedia’s article on Antonio Fazio (this version), CC BY-SA 4.0.
Personal life
Legal issues and controversies
Investigations and resignation
Gianpiero Fiorani was arrested on 14 December 2005 for investigation of his role in the affair, and Fazio was officially put under investigation in Milan for insider trading on 16 December[2]. He is also under investigation in Rome for having pressured the apparatus of the Bank of Italy to give the green light to Fiorani's takeover of Antonveneta.
Although he had resisted calls to resign for months, these latest developments were the last straw, and Fazio stepped down on 19 December 2005[3]. A new governor, Mario Draghi, was appointed on 29 December 2005.
On 28 May 2011, an Italian court sentenced him to four years in jail for market-rigging related to a 2005 takeover battle over Italian bank Banca Antonveneta. A Milan court has also ordered Fazio – who headed the Bank of Italy from 1993 to 2005 – to pay a 1.5 million euro ($2.14 million) fine for his role in the takeover saga pitting Dutch Bank ABN AMRO against Italy's Banca Popolare Italiana (BPI).
From Wikipedia’s article on Antonio Fazio (this version), CC BY-SA 4.0.
Awards
- Date not recordedKnight Grand Cross of the Order of Merit of the Italian Republic9
Links
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1WikidataAntonio Fazio on Wikidata
- 2WikipediaAntonio Fazio on Wikipedia
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- 10WikidataBank of Italy, Chair
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