Italy
Ex-Italy governor should face prison, says prosecutor
Italian prosecutor demands three-and-a-half year jail sentence for former Bank of Italy governor Antonio Fazio’s alleged involvement in failed Banca Nazionale del Lavoro takeover
Bini Smaghi on growth benefits of larger bank capital
European Central Bank executive board member Lorenzo Bini Smaghi says higher capital buffers essential to growth objective
Italy’s Draghi warns of expansion in mafia activity
Bank of Italy governor Mario Draghi says presence of mafia organisations in Italy is growing as it looks to take advantage of weakened economy
Italy’s Draghi on new Sifi guidelines
Bank of Italy governor Mario Draghi says prudential guidelines for systemically important financial institutions set to be complete in mid-2011
IMF studies G-7 factors in global business cycles
IMF study examines impact of G-7 indicators in driving global business cycles
S&P downgrades Japan
Standard and Poor's downgrades Japan by one notch to AA– on fears that aging population places greater fiscal burden on Tokyo
ECB paper develops new labour market model
European Central Bank study estimates new monitoring and forecasting model to measure labour market adjustments in Europe
Periphery CDSs break records as sovereign fears continue
Portugal might be next peripheral to seek help, economist warns, as its CDS hits record high.
Irish woes may spread to other PIIGS
European Union action on Ireland’s bank debts points to fears over contagion spreading across peripheral Europe
Italy’s Enria voices concern over regualtory arbitrage from Basel III
Bank of Italy head of the supervisory regulations and policies Andrea Enria says rigourous introduction of Basel across all countries and financial sectors will reduce risk of regulatory arbitrage
Italy: Basel II framework left banks defenceless against monetary policy shocks
Bank of Italy study shows higher capital requirements under Basel II did not guard against monetary policy shocks
Islamic finance poses challenges for central banks: Bank of Italy
Bank of Italy study says underdeveloped market for Islamic finance creates problems for central banks and regulators
Bank of Italy’s Visco says Europe needs long term debt resolution plan
Bank of Italy deputy director general Ignazio Visco says successful fiscal consolidation in Europe will require voter backing
IMF: deep structural problems hinder Italy’s recovery
Fund study says Italian economy unlikely to return to full capacity unless structural weaknesses are addressed
Bank of Italy’s Visco calls for social programmes to address ageing population
Bank of Italy deputy director-general Ignazio Visco calls for social programmes to retrain new and old labour force entrants
Eurozone lending gathers steam: ECB
European Central Bank figures show growth of bank lending in single currency area increased in July; data follow signs of pickup in loan demand
Greece’s fiscal situation far worse than US: Atlanta Fed
Atlanta Federal Reserve study says Greece’s fiscal debts more worrisome than the United States’s
EU stress tests detail exposure to Piigs debt
Stress tests show which banks are heavily exposed to riskiest sovereigns
Bank of Italy: north hit hardest by crisis
Bank of Italy study says geographical differences in growth reflects dependence on industry
Italian businesses expect inflation to rise, says Bank of Italy survey
Bank of Italy survey shows spike in inflation expectations after central bank notes higher production costs
Bank of Italy: location, not size instrumental to debt restructuring
Bank of Italy study finds debt restructuring of firms is more likely when located closer to borrowers
Italy’s Draghi warns against protectionist measures
Bank of Italy governor Mario Draghi says trade relations have been set back due to financial crisis, leading to more protectionism
Markets unfazed by Moody’s Greek walloping
Bulk of European bourses gain despite rating agency’s four notch downgrade of Greek sovereign debt; analysts link calm to tardiness of downgrade and renewed risk appetite
Low savings widened Southern Europe's fiscal gap: IMF paper
Fund study finds lack of savings in Southern European countries caused large current account deficits to form in the run-up to the global financial crisis