Catering to the needs of retail investors is often an essential part of the overall strategy to develop a more diversified investor base. Retail investment can also contribute to stable demand for Government Securities and can provide a cushion for the impact on volatility.
19  See I. Visco, ‘Sviluppo dell’economia e stabilità finanziaria: il vincolo del debito pubblico’, a speech made at the 63rd Meeting of Government Studies on ‘La tutela degli interessi finanziari della collettività nel quadro della contabilità pubblica: principi, strumenti, limiti’, Varenna, 21 September 2017.