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Archive » July / August 2021 » Italian banks and the post-pandemics recovery

Italian banks and the post-pandemics recovery

Ignazio Visco
July / August 2021 - n. 7-8
Keywords: Banche, qualità del credito, digitalizzazione, pandemia, rischi, cambiamenti climatici
Jel codes: G21, G28

In the coming years, banks will be engaged on several fronts: managing the transition to a new normal after the pandemic, rethinking their business models in the light of the digitalization process, measuring and overseeing the financial risks generated by climate change. The Bank of Italy will make its contribution by working at national and international level to establish supervisory rules and practices that balance the needs of ensuring the stability of individual intermediaries and the system as a whole, paying utmost attention both to the issue of costs and proportionality of regulation and to the suggestions and stimuli that come from the industry. Supervisory action must be complemented by that of intermediaries, stimulated by the awareness that each of the challenges facing banks must be tackled in time and decisively.

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