In addition, the diversity in types and sizes of institutional investors should increase. Finally, it is likely that institutional investors will process information available to the general public more efficiently than private investors. At this point, however, let me utter two words of warning. They are necessary as the growing importance of institutionalised forms of saving does not necessarily lead to increased stability.
BIS central bankers’ speeches  1  Draghi: Spain has begun its liberalisation with great courage and is now one of the fastestgrowing countries. In France and Italy, the willingness to implement reforms is growing. Some have been approved e.g. the labour market reform in Italy, others have been presented and are being discussed, which has taken time.