At the 20th Spain-Italy Dialogue Forum, Bankitalia Governor Fabio Panetta highlighted the need for collective European action to reduce the production gap with the US and focus on innovation and strategic investments
According to the Director General of the Bank of Italy, "Europe is not keeping pace with the US in advanced technologies". The situation is better for the energy transition but investments, infrastructures and incentives are needed
The disruptions to Bancomat, Pagobancomat and credit cards in Italy, which began on November 28, are caused by damage to a supply network. Worldline and Nexi are working to resolve the problem, while the Bank of Italy is monitoring the situation
In 2024, the world economy is growing slowly and the forecasts for 2025 are similar, while geopolitical tensions are putting global stability at risk. In Italy, the economy is stable, markets are favorable and banks are solid, but with an eye…
Lombardy's economy is slowing down, with a GDP of +0,4% and an industry in difficulty, while tourism and services are driving growth. On the banking front, the introduction of the Systemic Risk Buffer (SyRB) by Bankitalia has not created any shocks on the markets
At the "Partnering for Africa's Prosperity" conference in Rome, Bank of Italy Governor Fabio Panetta warned that globalization is "at risk" because of geopolitical conflicts that threaten global economic stability. On Africa: "Development is crucial to mitigate migration"
The crypto world expects Trump to loosen rules. Ether also rises (+9%). Meanwhile, the US dollar is also strengthening against most currencies
During the Parliamentary hearings on the Budget Law, Bankitalia warns that the Italian economy is at a standstill and growth targets are at risk. The UPB criticizes the complexity of the new fiscal measures, which could increase inequalities among…
In August, the debt of the Public Administrations increased by 11,9 billion compared to July, reaching 2.962,5 billion euros, the central administrations weigh heavily
The fall in rates and the expansionary measures planned by the government in the PSB are pushing the Bank of Italy to revise its growth estimates for 2025-2026 upwards, with GDP expected to rise by 2,2% cumulatively, but for this year the estimate of…
Patuelli: "The ECB decides on market operations in its absolute independence". Signorini on the PNRR: "Acceleration on tenders, but 50% of the works started are late"
New episode of Lavoro&Pensioni - politically (in)correct, Giuliano Cazzola's weekly column: in the face of belated intentions to reactivate the birth rate chain and in the face of policies that over the years have sacrificed the resources necessary to… on the altar of pensions…
Italian public debt continues to rise and hits yet another record, getting ever closer to the 3 trillion mark. According to the latest data from Bank of Italy, in June it increased by 30,3 billion compared to May, amounting to 2.948,5 billion
The "Bank of Italy for cybersecurity" section is active from today to be informed about cyber threats and how to mitigate risks. The objective is to increase awareness and knowledge about cybersecurity among citizens, businesses and institutions
A study published by Bankitalia in the new issue of the series "Markets, infrastructures, payment systems" analyzes the effects of the listing of affiliated companies on the stock exchange and the intragroup capital market
Environment, here is the 2024 report from Bank of Italy: in 2023 total greenhouse gas emissions were reduced by 11% compared to the previous year. Compared to 2019, the last pre-Covid year, the drop was 29 percent. How much have…
During a conference on the cyber resilience of the financial sector, the deputy general director of Bank of Italy, Paolo Angelini, spoke about the need to establish public-private cooperation on cybersecurity, also announcing the signing of a memorandum of understanding between Certfin, the police...
In 2024, Bankitalia expects a slight increase in manufacturing sales with more stable prices and declining investments while the construction sector could record a slight decline in production, after having benefited from significant growth in 2023 thanks…
In 2023, the Bank of Italy consolidated investments for 189,1 billion euros, favoring government bonds and sustainable bonds. Foreign exchange reserves have shown marked sustainability, while portfolio climate indicators highlight significant improvements in emissions. And how much…
According to a Bank of Italy report on local public enterprises, the gap between those in the Center and North and those in the South is wide. A reality that "represents an obstacle to the growth and development of the territory as a whole"
In his speech, on the occasion of the presentation of the Report on the economy of the Lombardy region, the general director of the Bank of Italy, Luigi Federico Signorini, offered a national overview of public debt, technological investments and the health of banks. On AI: "If some jobs…
A quarter of the public money was wasted, since the investments would have taken place anyway and the benefits for the GDP did not offset the costs. The Bank of Italy has no doubts in rejecting the symbolic rule of the Conte 2 government for…
Compared to April forecasts, GDP growth is one tenth of a point lower in both 2025 and 2026, due to forecasts of higher interest rates. Inflation will fall faster, to 1,1% in 2024 and…
Complaints from customers of banks and financial companies to the Bank of Italy will increase in 2023, with a real boom in complaints related to the Superbonus. According to the Bank of Italy report, reports relating to scams are also growing...
In collaboration with Banca di Cambiano and FlowPay, Intecs aims to verify compliance with international standards and improve the quality of digital financial and payment services
The Governor of Bank of Italy, Fabio Panetta, charts a course for Italians in view of the European vote, highlighting the importance of European integration and proposing concrete solutions to relaunch Italy: debt reduction, stopping youth emigration and increase in productivity
Bank of Italy, after a long inspection in the offices of the company that deals with non-recourse credits towards the PA, has decided to block the distribution of dividends. The surveys will be completed by July. The first dividend day falls in September. Useful…
Despite the weak performance of the world economy and the risks linked to inflation and geopolitical conflicts, international financial markets show confidence, driven by the prospects of less restrictive monetary policies. The Bank of Italy financial stability report
In the latest economic bulletin, Bank of Italy estimates inflation at 1,3% in 2024, loans to businesses intended for investments are decreasing, while in the private sector high profit margins absorb the recovery in wages
According to Via Nazionale, the service and construction sectors in particular improved in the first quarter, while sales abroad recovered. Second quarter seen further growth
According to the Bank of Italy's new macroeconomic projections, inflation will record a sharp decline in 2024 thanks to the fall in energy and intermediate product prices. Employment is good
As happened to many other central banks in the euro zone, in 2023 the Bank of Italy recorded a gross loss of 7 billion, but the risk fund absorbed the red and the year ended with a profit...
At the 30th Assiom-Forex congress, first official speech as governor of the Bank of Italy for Fabio Panetta. The governor focused his speech on the economy and the prospects of the international economy. Three conditions are necessary to resume a path of growth. And about…
According to Bank of Italy, after 24 months of consecutive increases and after reaching the highest level of the last 15 years in November, last December mortgage rates for families fell to 4,82% against 4,92 in the month...
According to a study by Bankitalia and Istat, the wealth of Italian families decreased in 2022, marking -1,7% in nominal terms and a strong -12,5% in real terms - Real estate is growing, financial assets are declining
According to the governor, the euro is "a collective defense clause" - "The euro area is vulnerable to shocks", he said and one of the problems is the lack of "a European banking union"
In 2022, the cost of managing a "traditional" bank account amounted to 104 euros - Online accounts are more advantageous: only 37 euros per year
Speaking to the ABI executive, the governor of the Bank of Italy admitted that "we are in a phase of cyclical slowdown". In 2023 growth at +0,6-0,7%. "Banks in a positive phase" but beware of the risks
The survey: for Italian industrial and service companies with at least 50 employees, assessments of the general economic situation and expectations on operating conditions remain overall unfavorable
Between 2010 and 2016 the median value of wealth fell to 150 thousand euros - Less well-off families rely only on the house, while for richer ones the portfolio is more diversified
Sales on the market increase, securitisations decrease after the end of the GACS era
Overall, GDP would increase by 0,7% in 2023, 0,6% in 2024 and 1,1% in 2025 and 2026 - Inflation will reduce significantly starting from 2024, remaining below 2% - Here are the macroeconomic projections…
The impression that can be drawn 30 years after the approval of the TUB is "that of a far-sighted legislator, who was able to define an adequate regulatory instrument", said Panetta
In his first official appearance as Governor at the 60th anniversary of Iccrea, Fabio Panetta underlines that interest rates are already at a level "sufficient to bring inflation back in line with the 2% objective" and "useless damage" must be avoided For…
Cash remains the preferred payment instrument for Italians. Yet over half of payments, by value, are electronic. The Bank of Italy survey and comparison with Europe
The formal and judgmental independence of bankers and the time dedicated to the task are under scrutiny. The indications are linked to the "fit and proper" rules
In the hearing on the 2024 Budget before the Budget commissions of the Chamber and Senate, the deputy head of the Economics and Statistics department of Bank of Italy underlines that the exclusion of BTPs from the ISEE calculation could alter portfolio choices
The labor market is holding up with employment rising especially in the Center and North, but in the South there remains an unused workforce. The report on the economy in the Italian regions by Bank of Italy
Thirty years in the Bank of Italy, a strong bond with the former Governors Fazio and Draghi, then the leap to the board of the ECB. Here's everything you need to know about Fabio Panetta, who succeeds Visco at the helm of Via Nazionale
Interest and capital appreciation refer to the minimum "denomination" of 1.000 euros
On Savings Day, applause for the governor of Bank of Italy Ignazio Visco who concludes his mandate. His recommendations are sent to two addresses: investors and the government
The Italian companies interviewed by Bankitalia report a significant deterioration in the economic situation. The IMF reduces Italy's GDP to 0,7% in both 2023 and 2024, more pessimistic than the Mef. The Fund instead provides better news for inflation and…
During a hearing on Nadef Bankitalia, amidst uncertainty and high risks, he paints a problematic scenario for economic activity and calls for maximum prudence in budget policy otherwise "the uncertainties could worsen"
To see a "sharp" slowdown in prices, we will have to wait for 2024: consumer inflation would reach 6% this year, fall to 2,3% in 2024 and 2% in 2025
"In the second quarter, the judgments of companies on the general economic situation remain unfavorable overall", reads the Bank of Italy survey. Inflation at 5,8% in 12 months, selling prices on the rise
The Report on the activity carried out by the Financial Banking Arbitrator (ABF) in 2022 has been published. 17 million euros already returned to customers. Appeals are decreasing but those on the fraudulent use of payment services and instruments are increasing
According to Via Nazionale, GDP for 2023 should rise by 1,3% against the +0,6% estimated in January. While he estimates inflation at 6,1% this year, 2,3% next and 2% in 2025
Room packed at the Bank of Italy for Visco's latest considerations, former President Mario Draghi also present - Here are the comments from Padoan, Messina, Scannapieco, Patuelli, Marcegaglia, Landini and Sbarra
The president of the Banking Association points the finger at both the contents of the ECB's monetary policy and the way it is communicated. With some regrets for the past times of the Bank of Italy
In a global context of uncertainty, the risks to financial stability remain high, however banks, households and businesses are now more solid than in past episodes of turbulence. The Bank of Italy Financial Stability Report
The intervention of the general director Luigi Signorini: "Environment and debt: postponing may seem an easier choice today, but it aggravates tomorrow's problems. Draconian measures are not needed immediately but to chart a course clearly".
After two months of decline, industrial production returns to growth - For Italian banks, the impact of Svb and Credit Suisse in Italy is limited. The economic bulletin of Via Nazionale
After 12 years at the top of the Institute, Visco leaves. The 2022 Budget closes with a profit of 2,1 billion. In 2023 and 2024 the Bank will have to deal with negative gross results due to the rate hike
From 8 May Intesa Sanpaolo archives bank checks and eliminates additional commissions on instant transfers. Bank of Italy: block of paper used in less than 1% of payments
And on the challenges for Italian fiscal policy, Nicoletti Altimari of Bank of Italy said: “The spread is unacceptably high. Italy reduce debt and exploit PNRR opportunities”
How did the European financial system react to this kind of external shock? The review of "The European financial system in the post-Covid perspective" by Francesco Cesarini and Elena Beccalli
The 2022 balance sheet is positive, but the slowdown in the labor market at the end of the year is confirmed. Household wealth has fallen in real terms due to inflation. The analysis by Bank of Italy, the Ministry of Labor and Anpal
According to the Governor of the Bank of Italy, Ignazio Visco, Italy is able to manage the effects of the monetary restriction, but the ECB must evaluate the intensity and timing of the tightening to avoid the two risks that endanger the economies
Inflation will not return to 2% until 2025, meanwhile the Italian economy will return to stagnation with reduced growth and if Moscow turns off the taps with the risk of recession
According to the survey conducted by Bank of Italy between November and December, companies' expectations on the economy improve, but they estimate record levels of inflation for another year
According to a study by Bank of Italy, with double authentication, the risks in payments drop by 60% in the case of cards and by 80% in the case of electronic money
In his last year of office, Governor Visco presents the strategic plan to 2025 of the Bank of Italy which arrives in a phase "that promises not to be easy".
A slowdown compared to 25 billion in 2020. The decrease is linked to lower sales on the market (from 20 to 14 billion) and reflects the reduction over time in the amount of these loans in banks' balance sheets
In the capital, Metro C has caused the opposite effect of what normally happens on the real estate market, especially on already expensive houses. The Bank of Italy study explains why
Bankitalia rejects the measures on cash and on the Pos and on the flat tax: "it increases the discrepancies between employees and the self-employed". Istat on basic income: "The cut will affect 1 out of 5"
In the latest report on financial stability, the Bank of Italy warns of the risks that are slowing down the economy, but reassures: households, businesses and banks are more solid than in the past
The high energy price, inflation and the effects of the war in Ukraine weigh and hold back economic activity in every division: the most penalized sectors are those with high energy intensity. The gap between North and South remains wide. The ratio of…
In his first official speech as Economy Minister, Giorgetti promised maximum commitment to protect families and businesses. Visco: "Margins for more limited aid to families"
According to Bank of Italy, high temperatures will have negative effects on the Italian economy, especially on agriculture and tourism. But they also harm the performance of younger students
According to the survey conducted by Bank of Italy between August and September, for a third of companies the difficulties associated with the cost of energy are increasing. inflation rises, but employment continues to rise. Stronger banks
35 new jobs were created between July and August, against 80 in the previous two months and 100 in the March-April period - Negative balance in the South
The Bank of Italy's 2022 Environmental Report also contains a series of methodological notes that aim to suggest a high-level standard for the environmental indicators to be adopted
The signatories undertake to promote a work environment based on respect and dignity, ensuring the absence of any type of discrimination
According to the Via Nazionale survey, in 2020 the richest 7% of Italian families had 50% of the assets, while the least wealthy 50% owned only 8%
Signorini, CEO of Bank of Italy and president of Ivass: “The transition requires higher prices for fossil fuels. We need income support and incentives for renewables”
Furthermore, according to Via Nazionale, the Irpef reform and the single check will reduce inequalities and poverty, while the incentives to work and earn more will increase
The governor of Bank of Italy does not hide the uncertainty weighing on the economy but also underlines the opportunities we face. Here is an analysis of his most important proposals
In the final remarks, the governor makes three suggestions to Brussels, hopes for an "orderly normalization" by the ECB and asks for "prudence" from Italian banks
Bankitalia has published the data for the first months of the year. The job market has continued to grow. However, industry and construction are slowing down. The impact of the increase in oil and gas prices is contained
The Bank of Italy keeps an eye on the evolution of the economic and financial situation also for the purposes of the bank dividend policy: General Manager Signorini recommends "a lot of prudence" even if he excludes generalized measures for now
Bank of Italy and Consob revised the 2012 agreement on the exchange of information on banks that make public offers of debt securities
According to a recent study by Bank of Italy, business failures in our country in 2020 and 2021 were fewer than before Covid - This is the effect of the robust supports adopted by governments, which have made it possible to…
The latest issue of the OAM quarterly newsletter is out - A guide to the activity of financial agents and credit brokers
According to DG Signorini, who spoke at the Credit Day, "the Italian banking system has withstood the impact of the pandemic well overall"
Speaking on Savings Day, the Governor of Bank of Italy issues a warning in view of the Maneuver: "The debt cannot be used to cover current expenses" - According to Visco, an EU fund is needed to absorb national debts post…
The deputy general manager of the Bank of Italy underlines the need to intervene on the wage gap, welfare measures and access to training to ensure women have the same rights as men
The most significant surges concern reports on loans (+70%) and those on debit cards, credit cards and wire transfers (+59%)
According to Via Nazionale, state guarantees and regulatory flexibility effectively supported business credit during the most difficult months of the pandemic
The share of Italians who expect conditions to worsen in the coming year drops by 8%, to 38% - But still many households have a lower income than pre-pandemic levels
Via Nazionale expects a strong boost from investments, but also warns that the pandemic is still a source of great uncertainty - Growth will only return to pre-pandemic levels in the second half of 2022
