The economic-financial crisis that is gripping the markets, Italy and the whole of Europe will be one of the topics for the attention of the Chambers. In the context of the examination of the proposal of rregulation of the European Parliament and of the Council on prudential requirements for credit institutions and investment firms, the comission of Montecitorio finances the president of the European banking authority will hear on Wednesday (EBA), Andrea Enrico, while the next day will be the turn of the rating agency representatives Standard & Poor's.
Previously, at the end of December, Alain Laurin, senior vice president of credit policy at Moody's, which had let itself go into far from rosy omens: according to the agency's analysts, Basel 3 "is a positive step, but which will bring inevitable transition risks and which will meet severe limits in achieving the solvency of the banking system European. An increase in capital and liquidity will make banks safer but will not make banking safer and in the short term the structural causes of the current disturbance in the financing market, i.e. the sovereign debt crisis, will not be resolved”, Laurin argued .
Also the Senate Finance Committee is examining - on Wednesday - the Community proposal on the prudential requirements of banks. And precisely to better analyze the consequences and the fallout, the commission of Palazzo Madama has already included in its work the hearings (not yet scheduled) of the European Banking Authority, of the Bank of Italy, as well as of Mario Monti in his capacity as minister of the Economy.
Still in the economic sphere, in Montecitorio on Wednesday the Budget commission should approve the launch of a fact-finding investigation on the identification of indicators for measuring welfare in addition to GDP.
