Ignazio Visco: Money and monetary institutions after the crisis Opening remarks by Mr Ignazio Visco, Governor of the Bank of Italy, at the Conference on “Money and monetary institutions after the crisis”, in memory of Curzio Giannini, Bank of Italy, Rome, 10 December 2013.
Trust is an extremely important aspect of any services sector, and the financial sector is a services sector pur sang. If a feeling of uneasiness remains among clients and investors, or financial institutions cannot trust each other as they should, then financial (and consequently economic) development grinds to a halt.