Questions have been raised over the Bank of Italy's supervision after an internal document obtained by Milena Gabanelli, an investigative reporter, showed aninspectionvisit to Monte dei Paschi in mid-2010 revealed the existence of two derivatives contracts, highlighting the risks.
He cites the 1991 visit of an American inspection team to the Pechora radar in the Arctic Circle, when inspectors learned that the radar was passing along target-tracking information to a central command.