Their financial leverage remained low by international standards. The rigour the Bank of Italy has applied in its prudential supervision of banks’ capital has protected them in this critical phase.
In just two days, the first official trading platform for Chinese investment products denominated in RMB outside the People’s Republic of China will go into operation. The Deutsche Börse Group, the Shanghai Stock Exchange and the China Financial Futures Exchange made an announcement this May about their joint venture to set up the China Europe International Exchange.