To assist growth and make the allocation of resources more efficient, we need a more diversified financial system. The financial needs of firms that are innovative and active at international level cannot be met solely by banks.
Despite the progress 9  made over the last few years, the role of capital markets is still too limited, also in comparison with the other large economies in continental Europe. Policies to support non-banking funding sources for firms should be pursued; banks can accompany and benefit from these developments by expanding and innovating the range of services provided.