In 2009 about 90,000 manufacturing firms – a fifth of all Italian manufacturers – sold part of their output abroad. Many are able to reach distant, difficult markets like China: this is the case for 8,600 Italian industrial firms, against 6,300 German firms and 4,200 French firms.
It is also important for supervisors to always remain aware of their true objective: to uphold the public interest. They must not allow themselves to succumb to a sort of “Stockholm Syndrome for supervisors” and confuse the public good with that of the supervised banks. BIS central bankers’ speeches  3  3.1  The new European supervisory mechanism ...