A very large portion of the risk stemming from business activities falls on banks’ balance sheets, and in times of recession translates into impaired loans, bad debts and losses, with serious repercussions on the flow of new lending. The costs are high for banks and for the economy.
In the medium term there is a need to achieve greater access to the capital markets for Italian firms, through the adoption of consistent incentive policies. Starting now, banks must  6  BIS central bankers’ speeches  review the validity of their business models in relation to firms, especially large ones.