Just a month has passed since my Concluding Remarks to the annual meeting of the Bank of Italy where I again underscored the growth opportunities that are emerging for exchanges that open to international cooperation and the risks for those that stay on the sidelines.
Borsa Italiana has taken steps to capitalize on its strengths – operational efficiency, local roots and its strong presence in some markets – and to reap the benefits of integration in a market of global dimensions. This opening is definitely a positive development. As in other fields, the Bank of Italy points to what it considers the right route.