ContextSpeech at the annual meeting of the Italian Banking Association; the Bank of Italy safeguards price and financial stability and faces a shifting role of the dollar in world finance.
Why it mattersItaly's governor highlights investors' heavy exposure to US markets and calls for integrated European markets to fund innovation.
Problems raised
Global investors are heavily exposed to US markets.
European households avoid financial risk.
Europe's financial markets are fragmented.
Solutions proposed
Integrate European financial markets.
Encourage risk capital for innovation.
Respond decisively to persistent inflation deviations.
