In Italy we can actually observe a better-than-expected resilience, for example in the service sector, also thanks to the continuing recovery of tourism flows, and in the labour market. In this highly uncertain framework, the Bank of Italy's latest Economic Bulletin presented two projection scenarios for the Italian economy.
We are working, together with our colleagues in the world regulatory circles, on such a difficult puzzle. Let me conclude with some words on the third and most important new frontier that I’ve mentioned before for the financial system: technology. Again I’ll look at this issue from a regulatory point of view. We are observing how digitalisation is already changing the financial business.