Fanari Marco, Gerardo Palazzo (2019), “The strategic asset allocation of the investment portfolio in a central bank”, paper presented at the Bank for International SettlementsWorld Bank-Bank of Canada-Banca d’Italia Seventh Public Investors Conference held in Rome at the Bank of Italy on 22-23 October 2018. IMF, International Monetary Fund (2013), Revised Guidelines for Foreign Exchange Reserve Management, IMF, 1 February.
In this context, the articulation of appropriate decentralisation procedures through close cooperation arrangements with national authorities within the unity of the supervisory system will be essential. The knowledge and skills of the system’s human capital will contribute to creating a strong centre. Therefore the recruitment of skilled and experienced staff, particularly banking supervisors, will be a priority.