Italian minister Padoan is addressing the misselling of financial products in bankssale networks

The above link brings you to the Financial Times article published today on the subject, thinking about regulatory practice in Italy and in Europe, the following commentary to the article has been added to the online Financial Times page:

The fines to be applied to mis-selling of financial products to the retail investor should, in their dimension, must consider the amount of damage done to the investor and the amount of bonuses payed in connection to the sale (regardless of the nationality of the bank). If the fine is designed to reach a result and improve the fairness and stability of the system, its size needs to be relevant in the risk/reward analysis performed ex ante by the seller of financial products. In order to avoid the creation of an uneven playing field within the banking sector, the rule should be applied without differences across the different EU national markets.  (

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