They came out of the crisis fundamentally unharmed; they must turn this favourable position into an edge over their competitors and a benefit for their customers. 3. Transparency and the protection of savings  The Bank of Italy is responsible for overseeing the transparency of banking products.
Firms differed in their susceptibility to these problems; however, some were more disciplined in their approaches to identifying and measuring risks and thereby gained a better understanding of the risks of some complex securities, particularly in highly stressed environments. This fuller appreciation of the risks involved led these firms to limit their purchases of such securities or to provide additional capital and liquidity backstops.