Ignazio Visco: Welcome address – “Financial stability and regulation” conference Welcome address by Mr Ignazio Visco, Governor of the Bank of Italy, at the 3rd Bank of Italy and Bocconi University conference “Financial stability and regulation”, online event, 17 March 2022.
Otherwise the disposal of non-performing assets would be nothing but transferring the risks from the “left pocket” to the “right pocket” of the government, which will invite criticism from the public. Second, the asset management companies have been established to handle the non-performing assets in a professional way.