Source: CEIC Data  The main global issue though is still inflation. Headline inflation has peaked in most economies and is now coming down due to the resolution of supply side problems, softer demand for goods and a decline in some commodity prices (Graph 6). Even so, there is still uncertainty about how quickly inflation will come back down.
The result was an increase in the bank’s exposure to counterparty risk as well as to legal and reputational risks. The Bank of Italy intervened; it is following the case with the utmost attention. Proper conduct, transparency and adequate organization are essential to every bank that alongside its traditional credit operations sells complex products.