In the 1993–97 preparatory work for the launch of the euro, Tommaso had yet another chance to show his unique ability to build on the one hand, a strong conceptual, analytical and policy framework (the “vision”) and, on the other hand, to implement a concrete set of measures and actions to turn the vision into reality.
In the area of financial stability, Tommaso elaborated and worked towards the realisation of three fundamental ideas. First, he provided a far-sighted yet, in the end, realistic contribution to the design of the architecture for financial supervision in Europe.