Ignazio Visco: Introductory remarks - Annual Conference of the Global Forum on Productivity Introductory remarks by Mr Ignazio Visco, Governor of the Bank of Italy, at the Annual Conference of the Global Forum on Productivity, co-organised by the Italian G20 Presidency, Venice, 9 July 2021.
The Code now places greater emphasis on the use of PVP mechanisms where they are available. It also provides more detailed guidance on the appropriate management of settlement risk where PVP settlement is not used. In the local market, the AFXC’s assessment is that there is good awareness of settlement risk and how it can be mitigated, including among buy-side participants.