Piero Cipollone: Towards PSD3 - the dynamics of digitalized payment systems Speech by Mr Piero Cipollone, Deputy Governor of the Bank of Italy, at the International Conference Roma Tre University, Rome, 14 April 2023. *** Good Morning everyone, I would like to thank the organizers for inviting me to this conference to talk about the path towards PSD3.
Although the functioning of the money market will recover eventually, investment and raising of funds in financial markets may be hindered for a while after the change of framework. And second, it is essential to ensure that financial markets are able to perform the pricing function smoothly, reflecting underlying economic and price conditions.