Chapter 178 National Bank of Italy
While the secret scrutiny of Tanelogia continues, the former president of the Bank of Rome has no room for resistance. Because there is no way for an individual to confront state power, unless he is a madman or an anarchist.
But then again, how could he have managed to be in such a powerful position as the president of the Bank of Rome?
So in order to save himself, Taneloja had to make a statement claiming that he was suffering from an illness and had to step down from his duties as president and go home to recuperate.
Then he spit out the money he was greedy for, got the government's decision to let him go, and prepared to go home for the rest of his life. As for finding a new job, it is simply too difficult for Tanelogia, who has been the president of a large bank, and the banks in Italy should not think about it, and as for the banks of other countries, who would want a sick person to hold such a prominent position as president.
So he had no other way but to go home.
As far as the government is concerned, the danger of landmine explosions has been temporarily eliminated after the smooth disposal of Tanelogia.
Of course, the lesson of this time is too profound, and in order to put an end to this situation, it is also necessary to conduct an inventory of the banking and financial industry. Subsequently, the government sent various monitoring teams to start an inventory of all banks, whether state-owned or private.
These inspectors include capable financial insiders, shrewd financial examiners, and seasoned supervisors. That's right, in order to avoid complicity between the monitoring team and the bank, there are a different number of supervisors in each team.
In the face of such a large position of the government, the banking industry was in mourning for a while, and a large number of supervisors made the banking practitioners wail.
Under the investigation of these monitoring teams, there are a lot of problems in the banks. It's just that I don't know if I don't check, and I'm shocked when I check it.
From illegal lending, such small problems, to self-theft, and even money and power transactions, beauty transactions, etc., all show how unscrupulous banks are that lack supervision.
The government has also given various measures to deal with the problems that have arisen in these banks. Only when dealing with problems that may cause turmoil in the banks should we take a cautious approach. And for those issues that don't trigger these situations, it's to deal with them heavily.
Although it seems a bit like a fly that dares to shoot a tiger. But in the current situation, this is the only thing the government can do.
Of course, those who were found to have problems were all kicked out of the bank, and they should never think about working in the bank for the rest of their lives.
And when the government was reorganizing the banking industry, Carlo, as a monarch, was not idle. Although the current government has made great efforts to rectify the problem, he knows that this is only a symptom but not a cure, and after a while, those moths inside the bank will resurge. This is the same as cracking down on corruption, it is a long-term job.
And he plans to take out the big killer weapon of supervising the banks in the future, and to put a shackle on these banks, lest they think that they can show off their power again after avoiding the limelight.
"Your Majesty, is this what you prepared?"
In Carlo's office, Tejela, the Chancellor of the Exchequer, asked in surprise. Because of this summons, he didn't expect the king to suddenly come up with a plan to supervise the bank, in fact, not only him, but even the prime minister on the side did not expect it.
"No, this is the method I prepared after consulting with several experts in the financial and banking industry."
In the face of the Chancellor's inquiry, Carlo did not dare to take credit, he was self-aware, how could he make such a plan with a little financial knowledge in his belly. And he was not wrong, he really found several experts from well-known financial banks to do it, but he proposed the method, and the expert team was responsible for perfecting it.
And what the Chancellor of the Exchequer is looking at is the final customized finished product. The reason why the Chancellor of the Exchequer is looking at it first, rather than the Prime Minister, is that the plan would take away a lot of power from the Treasury.
Although this newly established department will also be managed by the Ministry of Finance, this is still a layer away. That's right, Carlo is preparing for central banks, and there are now central banks in Europe, such as the Bank of England, the Deutsche Imperial Bank, etc., but these central banks are also gradually being transformed into central banks.
And Carlo intends to directly skip the central banks that are still a little rough in various countries, and directly use the central bank of the Celestial Empire, which is the most controlling in the future, as a template. Of course, he knew that there must not be so many, but this was not an expert, and it would be nice to ask them for expertise.
So in Carlo'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 strategic plans for development, to drafting relevant laws and administrative regulations, perfecting the rules and systems for the operation of relevant financial institutions, formulating and implementing monetary policies, and even managing the state treasury, they can all be regarded as functional departments in charge of finance.
And most of these responsibilities were previously in charge of the Ministry of Finance, so in the face of Carlo's plan, Tejela, as the Chancellor of the Exchequer, definitely has something to say.
"Your Majesty, it may be a bit inappropriate to put so many functions in one bank."
Don't blame the Chancellor of the Exchequer for making this a point, because having a bank in charge of a country's finances is unprecedented.
Faced with the Chancellor's words, Carlo smiled and spoke. "Your Excellency, as you can see, 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, then we can also change the name of it. ”
Although Carlo was in an inquiring tone, who was really a fool at the time. And Tejela, of course, was not a fool, and he could still understand the steadfastness of the king's words.
Of course, it is not easy for him to be the chancellor of the exchequer during this time, because the banking industry has made his prestige in the government a lot lower.
And for the moth-ridden banks to fight against the king, he wouldn't do that. Although there are many powers to be separated, the main responsibilities of the Ministry of Finance are still there.
So under Carlow's majesty, the Chancellor of the Exchequer was quickly defeated.
As for the prime minister, he will not object to the emergence of this department that regulates banks. The only thing that is a little unpleasant is that this solution was actually come up with by the king, not by the government itself. It made him feel like he had been a bit derelict lately. If this continues, what is the prestige of the government, it will not become the echo worm of the king.
Since there was no opinion, the proposal to form a central bank was decided by the government and the king in such a situation.
The new bank will be supervised mainly by banks in Italy, whether foreign, private or state-owned. 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 money or paper money, it 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 it was 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 them.
I'm in a good mood