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Overview of economic and financial developments in Italy

· Fabio Panetta, Governor of the Banca d'Italia (Italy)

Summary written by Dark Majestic in its own words · topics: banking regulation and supervision, trade, fragmentation and geopolitics, development and emerging economies, growth, investment and productivity

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· Fabio Panetta Wiki · Banca d'Italia WikiOverview of economic and financial developments in Italy

ContextConcluding remarks by Fabio Panetta, Governor of the Bank of Italy, at a meeting for the presentation of the Annual Report 2023 - 130th Financial Year, Rome, 31 May 2024.

Why it mattersPanetta presents the annual report and flags cyber risks from tech suppliers under DORA.

Problems raised
  1. Global growth is weak.
  2. Tensions and conflicts cause uncertainty.
  3. Cyber risks grow with geopolitics.
Solutions proposed
  1. Strengthen supervision of tech suppliers under DORA.
  2. Address cyber risks.
  3. Support growth-enhancing reforms.
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