ITALY - Bank of Italy's vice director general Antonio Finocchiaro has been nominated president of COVIP, the Italian watchdog of pension funds.
Finocchiaro has covered the position of vice director general of the Bank of Italy since 1997, mainly dealing with the internal management of the central bank and representing it in European Central Bank's workgroups on payments' systems and monetary circulation.
In the past, he has coordinated the activities related to the shift to the euro of Italian banking system.
He has published several studies on inter-banking cooperation, technological innovation in financial systems, payment systems, among others.
By contrast, Scimìa, who started his career at the Bank of Italy, has been recently nominated president of Sovigest, which manages the properties of the Bank of Italy to generate income for its employees' pension fund.
Scimìa had already occupied the same position with Sovigest from 1994 to 2004.
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