 During his time in office, Visco came under fire for failing to effectively tackle Italy’s banking woes.In October 2017, the country’s ruling centre-left Democratic Party submitted a motion in parliament calling for new leadership at the Bank of Italy, casting doubt on Visco’s chances of being reappointed to a second term.Following a proposal made by Prime Minister Paolo Gentiloni and his cabinet to renominate Visco and the endorsement of the Bank of Italy’s high council, however, President Sergio Mattarella signed a decree to reappoint Visco for a second six-year term.