Local view for "http://purl.org/linkedpolitics/eu/plenary/2016-11-21-Speech-1-058-000"
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"en.20161121.12.1-058-000"2
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"Mario Draghi, you said you were going to listen, you spoke about credibility, you spoke about legacy issues. Your credibility and the credibility of the ECB are intrinsically interlinked. In 2007, Jonathan Sugarman was risk manager at the UniCredit Bank in Ireland. That summer, Jonathan officially reported to the regulator in the Irish Central Bank a multi—billion—euro liquidity breach amounting to 20 times the permissible deviations. There was no sanction by the Central Bank and the breaches continued, forcing Sugarman to resign. In February 2010, Irish Finance Minister Brian Lenihan stated that the financial regulator maintains close communications with the regulator of other Member States. In 2007 you were the Governor of Banca d’Italia, with UniCredit the biggest bank on your watch. You spoke about transparency. Answer this: can you please confirm whether you were informed by the Central Bank of Ireland of these multi—billion—euro breaches at UniCredit Dublin? If so, can you explain why that bank has never been sanctioned, and now that you know this what are you going to do about it? You spoke about the cohesion of Europe being tested. You are testing it. Answer this question, otherwise you test it further."@en1
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