“In the twelve intense years I spent at the top of the Bank, important changes have taken place in the exercise of the Institute’s functions”, underlined Visco, appointed on 1 November 2011
“Today’s is the last assembly that I preside over as governor; next November I will leave the leadership of the Institute, which I entered in 1972”. This is what Ignazio Visco, governor of the Bank of Italy, announced today during his speech at the shareholders’ meeting.
The words of Ignazio Visco
Visco, who was appointed governor on 1 November 2011, noted how “in the twelve intense years I spent at the top of the Bank, important changes have taken place in the exercise of the Institute’s functions”. In particular, in recent years “new tasks have been assigned to him, his responsibilities have grown; his European projection has considerably increased. The comparison of ideas and the sharing of decisions within the ECB, which have been the qualifying features of the after the birth of the euro, they have also become so in the field of banking supervision with the establishment of the Single Supervisory Mechanism, starting from November 2014”.
In the coming years, he added, the Bank of Italy, like the ECB and the other banks of the Eurosystem, “will find itself facing negative gross results, before profits recover gradually grow” after the two-year period 2023-2024.