Italy
Lagarde downplays odds of early exit
ECB president uses interviews to say she is on a ‘mission’ with a ‘baseline’ of serving out her term
Paper calls for ’systematic monitoring’ of cyber risks
Non-financial firms’ credit risk indicators not accounting for ‘sharp increase’ in incidents, say authors
Yield curve ‘steepening’ best seen as normalisation – ECB study
Long-term borrowing costs surged but overall structure ‘not in an unusual shape’, say economists
Bulgaria becomes 21st member of the eurozone
Joining currency bloc is a “sign of belonging”, says governor Radev, as peers offer welcome
Eurozone bank uncompetitiveness a ‘myth’ – Schnabel
Regulations have made lenders better, says ECB board member
ECB reminds Italian lawmaker: monetary financing by gold is illegal
European Central Bank says budget amendment’s purpose is “not clear”
Italian government looks to raid central bank gold reserves
Budget amendment could see Bank of Italy liquidate 2,452 tonnes of bullion
ECB moves to link Tips with India’s UPI and Nexus
Connection with Nexus still hinges on ECB exploring potential ‘feasibility’
Advanced economies’ debts are ‘unsustainable’ – research
US, Japan and European nations need to get their fiscal act together, says study by Belgian central bank
San Marino blocks bank sale, looks to quell instability
Central bank says financial system is “solid and resilient”
Bank of Italy develops cross-border payments solution
Researchers say their approach enables instant cross-currency international transfers
Firms in Italy keep mafia closer when credit is tight – paper
Economic shocks make it harder for businesses to refuse cosa nostra’s offers, says central bank report
Eurozone payment systems not ready for quantum – research
Bank of Italy paper calls for more robust cryptographic algorithms and quantum roadmaps from suppliers
People: ECB creates task force to simplify regulation
Plus: Kocher takes over as head of Austria’s central bank
Lagarde says US-EU deal lowered uncertainty ‘considerably’
ECB president voices concern over Fed independence, French debt
Book notes: The political economy of central banking, by Alessandro Roselli
Roselli’s book offers a comprehensive history of the relationship between governments and central banks
‘Chat Bankman-Fried’ has poor grasp of governance – study
Bank of Italy paper finds many LLMs would choose to behave in similar way to former crypto exchange owner
BIS, ECB, BoE develop synchronised cross-border FX transactions
BIS says Project Meridian FX reduces liquidity, credit and settlement risk
Central Banking Awards 2025: the winners in full
Awards recognise extraordinary achievements in another challenging year for central banks
Central Banking Awards 2025: first winners announced
Awards go to central bank of the year, reserve manager, risk manager and more
Do central bank governors make good prime ministers?
Mark Carney is the latest to make the leap, but the record elsewhere has been mixed