Italy
Bank of Slovenia joins Central Bank Gold Agreement
The central bank of Slovenia has joined the Central Bank Gold Agreement which limits gold sales by central banks, the European Central Bank said Friday 22 December.
New rules for Bank of Italy chief
The Bank of Italy adopted new rules on 28 November that end the central bank governor's unrestricted decision-making powers and traditional job for life.
Europe's new large-value payment system on target
Europe's new large-value payment system is on schedule to go live in 2007 says the European Central Bank in its third annual report on TARGET2.
Bank of Italy to cut 20% of staff by 2013
The Bank of Italy announced Tuesday 31 October that it would cut staff by about one-fifth by 2013 and close 75 percent of the central bank's offices in Italy under a plan that was rejected by the bank's unions.
Italy's Draghi on regulation of financial markets
In the speech 'Measures for the protection of savings and the regulation of financial markets' given on 26 September Mario Draghi of the Bank of Italy said the quality of financial regulation is gauged by its effectiveness in preventing improper conduct,…
ECB's Draghi warns of volatility risks
Banks and investors may be ill prepared to handle a return to volatile conditions in financial markets, a top central banker warned on Wednesday 11 October.
Saccomani takes up Bank of Italy role
Fabrizio Saccomani took up his new role as director general of Italian central bank Banca d'Italia, La Stampa said Monday 2 October.
Draghi says Italy can beat euro growth
Bank of Italy governor Mario Draghi told reporters on Sunday 17 September he felt that Italy's economy could grow far more strongly than its European partners.
Tietmeyer may become 'God's banker'
According to the Catholic News website, Pope Benedict has sounded out former Bundesbank president Hans Tietmeyer for the key post as head of the Institute for Religious Works, better known as the Vatican Bank.
EU may curb central banks on cross-border deals
EU internal market commissioner Charlie McCreevy wants to curb the power of central banks and national financial supervisory authorities to intervene arbitrarily in cross-border deals, the Financial Times reported Wednesday 6 September.
ECB's Bini Smaghi calls for Italian pension reform
European Central Bank executive committee member Lorenzo Bini Smaghi in an interview called for an immediate pension reform in Italy.
Italian banks' merger breakthrough
Two of Italy's biggest banks are to merge to form Europe's 10th largest bank with a market value of €55bn ($80bn).
Draghi hauls tarnished central bank into a new era
According to this article published Sunday 13 August by the Financial Times, Mario Draghi's goals at the Bank of Italy will be more openness, accountability and efficiency.
Bank of Italy adopts new statute
The Bank of Italy has approved a new statute proposed by governor Mario Draghi, La Stampa reported Friday 28 July. One new measure will see the directorate increasing from four to five members.
Comment: Scorecard for the euro
When the single European currency was launched, its expected boost to trade was one of, if not the main, benefits promised. Two recent studies question whether this promise has been met.
Bank of Italy - Annual Report 2005
According to the Bank of Italy's Annual Report 2005, the Italian economy stagnated in 2005, falling further behind the rest of the euro area and the world economy.
Draghi on economic developments in Italy
In the speech 'Overview of economic and financial developments in Italy' given on 31 May Mario Draghi of the Bank of Italy said returning to growth is Italy's absolute priority for economic policy today, as was entering the monetary union ten years ago.
Padoa-Schioppa named as Italian econ min
Romano Prodi, Italy's incoming centre-left prime minister, on Wednesday 17 May named "a team and not a collection of prima donnas" which included former European Central Bank board member Tommaso Padoa-Schioppa as economy minister.
Padoa-Schioppa 'serious' candidate for econ min
Romano Prodi, Italy's election winner, said on Friday 21 April that former European Central Bank board member Tommaso Padoa-Schioppa was a "serious" candidate to become his economy minister, but that nothing had been decided yet.
Italy's Prodi may pick Padoa-Schioppa on economy
Italy's centre-left leader Romano Prodi is expected to pick former European Central Bank board member Tommaso Padoa-Schioppa as economy minister, if Prodi succeeds in forming a government, said La Stampa Saturday in an unsourced report.
Tumpel-Gugerell on ECB, Italy & Eastern Europe
In the speech 'The European Central Bank, Italy and the integration of Eastern Europe' given on 31 March Gertrude Tumpel-Gugerell of the ECB said the ECB's track record of containing inflation means that it does not have to hike interest rates…
Fazio could face extra charges - report
According to a report by Il Sole 24 Ore, Milan prosecutors have gathered together enough evidence to charge the former governor of Banca d'Italia, Antonio Fazio, with market-rigging.
Confidence in Rome won't be rebuilt in a day
While the Bank of Italy seemed to have become an autocracy under Antonio Fazio, according to this recent article, governance will have to be a priority for the new governor, Mario Draghi.
Italy's Draghi on financial market integration
In the speech 'Financial market integration and the intermediation of savings' given on 4 March Mario Draghi of the Bank of Italy said interest rate levels were "very relaxed" after the ECB lifted rates for a second time in three months.