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Government Nominates Stazi for Consob and Valentino for Antitrust

Ending months of vacancy, the nominations now require formal confirmation and could prompt further reshuffles in state bodies and at EU level.

Overview

  • The Council of Ministers has opened the formal procedure to appoint Guido Stazi as Consob president, a step that starts the prime minister proposal, presidential decree and Finance Committee review required by law.
  • The presidents of the Chamber and Senate have designated Saverio Valentino as president of the Antitrust under the joint-determination process that governs that authority's appointments.
  • Both choices remove prolonged interim leadership after Paolo Savona's Consob mandate expired in March and months of stretched acting arrangements at the two regulators.
  • The selections follow a coalition agreement that allocates key authority presidencies to parties and favours technical, non-political profiles for market and competition posts.
  • Next on the agenda are parliamentary hearings, the pending ANAC nomination, appointments in state-controlled firms and a possible ripple from the ESMA leadership contest that could create further vacancies.