The ECB has launched a very large programme for the purchase of simple and transparent ABS in order among other objectives to facilitate the financing of SMEs. The Bank of Italy and Ivass are following the matter closely.
With great rapidity this summer Ivass drafted amendments to the regulations on insurance companies’ investments consistent with the new legislative provisions introduced recently to increase the competitiveness of the Italian economy. The new prudential regulations, aimed at achieving greater diversification of risk, will also allow insurance companies to grant credit directly subject to well-defined limits and conditions.