Role of institutional investors There is wide consensus regarding the need for institutional building for development of debt markets, though countries have approached it differently. The notion of pension reforms as an important instrument in the process is generally upheld although there is a case for regulatory limits on their investments in riskier assets in the interest of financial stability.
In Italy, a substantial increase in the role of pension funds is needed. It is becoming increasingly important to monitor not only the performance of economies but also single sectors and investment projects. Careful selection in the allocation of resources fosters the expansion of the global economy.