Q&A: Visco of Bank of Italy on bank reforms and supervision
The EU’s planned isolation of proprietary trading would complement the region’s bank resolution regime, rather than lead to over-regulation, the governor of Italy’s central bank says in an exclusive interview
Ignazio Visco, governor of Italy's central bank, acknowledges an overlap between the European Union's proposed bank structural reforms, which envisage forced separation of proprietary trading, and the bloc's Bank Recovery and Resolution Directive (BRRD). But he sees the two sets of measures as reinforcing each other, rather than over-complicating banking regulation.
"There is a complementarity between reforms that aim at separating proprietary trading from core activities and reforms that aim at
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