8 Moreover, there may be some deterioration in the resilience of liquidity at times of stress, along with a greater incidence of outsized intraday price movements. Relatedly, liquidity appears to be more segmented based on the characteristics of the securities being traded and the underlying structure of the markets in which they are traded.
The procedures and conditions for eligibility shall be established by ministerial decrees. The Bank of Italy has assured the authorities involved of its complete cooperation.