Bank of Italy

SNB's Hildebrand and Italy's Saccomanni on crisis

The crisis has shown central bankers and regulators rightly predicted that highly-leveraged institutions presented a threat to stability. But officials' attentions were directed at the wrong type of institution, admitted Philipp Hildebrand, a governor of…

Regulation of public services in Italy

A paper from the Bank of Italy outlines the evolution of the regulatory framework for the supply of local public utilities, social and health services in Italy since the early 1990s.

Why less Italian women work

The difficulties involved in reconciling work and family when there are children are among the leading causes of the low female employment rate in Italy, research published by the country's central bank finds.

Draghi prepares to slim down

The Bank of Italy finds resistance from its staff and labour unions, but insists it will push ahead with controversial reforms. Isabella Bufacchi reports

Draghi on Italy's improving finances

Italy's public finances continued to improve in 2007, allowing for the excessive deficit procedure started by the European Commission in 2005 to be stopped, said Mario Draghi, the governor of the Bank of Italy.

Italian government eyes reserves for debt payment

The Italian government is proposing to use part of the central bank's gold and currency reserves to pay down national debt, which is currently at 107% of the country's gross national product. The country's parliament has approved a resolution calls for…

Draghi sees more efficiencies from bank mergers

Mario Draghi, the governor of the Bank of Italy, says the market expects further savings as banks in Italy consolidate. Speaking at the meeting of the Italian Banking Association in Rome on 11 July, Draghi said savings would come from unifying IT systems…

New rules for Bank of Italy chief

The Bank of Italy adopted new rules on 28 November that end the central bank governor's unrestricted decision-making powers and traditional job for life.

ECB opposes BoI reform bill

Attempts to reform governance structures at the Bank of Italy (BoI) yesterday received another blow when Lorenzo Bini Smaghi, a member of the ECB's executive board, said the government should amend some of the initiatives proposed in a parliamentary bill.

Fazio faces strike ultimatum

The union representing the majority of staff at the Bank of Italy has threatened to call a strike unless Antonio Fazio, the central bank's governor, resigns over the Antonveneta affair.

Bank of Italy slaps down investigation story

The Bank of Italy issued its second official statement since the transcripts of Governor Fazio's conversations were leaked to the media; this time, a one-line response to an article in the Corriere della Serra, an Italian daily.

Speech by Antonio Fazio Governor Bank of Italy

SPEECH - In the speech titled 'Recovery and growth of the Italian economy' Fazio said that the Bank of Italy expects economic growth in the European Union to slow to 1.5 percent in 2002 from 1.7 percent last year. But that EU growth was likely to recover…