Sign in
Download Opera News App



Professor John Gatsi Writes: Quashing Revocation Of The License Of UniCredit By The Court

A Finance Expert and Economist, Professor John Gatsi has written on a very delicate matter on his Facebook page concerning UniCredit and has provided some lessons for Regulatory Bullying.

He revealed that the Banking industry suffered because of the approach by the Central Bank. He explained that the Court Ruling on Quashing the revocation of Unicredit's license would provide some relief to many affected parties.

The Finance Professor has further recommended a forensic investigation into the way the clean up was embarked upon by the Central Bank. He added that this would help tackle the painful memories of entrepreneurs, investors and employees.

He advised that various regulators should avoid bullying their subjects to prevent legal actions against the government institution which may lead to financial loss of state funds.

The Professor further explained that the due process should be followed by a regulatory power and the Central Bank should not assume the power to decline the directorship of a subject as that may be interpreted as using their powers to appoint directorship which is dangerous to the development of the country.

What are your thoughts on the ongoing discussion?

Content created and supplied by: JUKELAFRICA (via Opera News )

John Gatsi UniCredit


Load app to read more comments