In particular, I will discuss the main sources of risk and vulnerability for euro area financial stability we have identified in: (i) the external environment; (ii) global and euro area financial markets; (iii) the euro area corporate and household sectors and (iv) euro area financial institutions. Then I will conclude with an overall assessment of the outlook. BIS Review 121/2006  1  II.
The Bank of Italy has undertaken several initiatives to favour a long-term sustainable approach to finance In 2019 the Bank of Italy integrated ESG factors into the management of its equity portfolio, not only to meet its social responsibility goals but also to lead investors by example.