The Bank of Italy will authorize the issuance plans following an assessments of banks' capacity to ensure their orderly implementation based on sound and prudent management criteria and an adequate level of protection for investors. Finally, the Supervisory Review and Evaluation Process (SREP) for the less significant institutions (LSIs) that we supervise directly is nearing completion.
Business investment has been a major driver of growth in recent years, expanding by 18 per cent over the past year, and at an average annual rate of 14 per cent over the past three years. The upswing in business investment is being stimulated by high commodity prices and favourable financial conditions.