Complex instruments still pose systemic risks – paper

Bank of Italy
The Bank of Italy

European banks still face major risks from their holdings of complex financial instruments, argues a research paper published by the Bank of Italy.

Financial reporting standards grant banks considerable discretion to assess their own holdings of complex financial instruments. But this discretion increases the opacity and complexity of the risks presented by these instruments, it argues.

Risks and challenges of complex financial instruments: an analysis of SSM banks notes that the difficulty of

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: