Tuesday, March 11, 2008

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Bca Profile: full support of the board to two administrators accused of insider trading

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Profile Bank expresses its full support for Directors and Sandro Capotosti Arnaldo Grimaldi, executives involved in the investigation and declared today after more than seven years from the facts Profile contestati.Banca believes that the activity of its directors took place, as always, in compliance with the interests of the bank, as part of their institutional Function. ' then review the bank, using the higher level of review, the legitimate needs can be met with confidence to ensure the strangeness of its Directors against accusations sollevate.Banca profile in this regard, it is believed that the review of the story will have a technical approach, free from any type of packaging that could influence the economic objective assessment of operational circumstances in which the events took place. In this case, the activity dating back to December of 2000, relating to operations conducted on behalf of the bank and not in a personal and judged within a regulatory environment has changed radically over the years.I this regard, incomprehensible sentence - albeit only in respect of our two directors - of the Consob damages that may seem a dangerous attempt to apply the current rules retrospectively, when they were under different levels of penalties.

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