Cristina Picillo

Member of the Secretariat
Committee on Payments and Market Infrastructures

Cristina Picillo is an economist in the secretariat of the Committee on Payments and Market Infrastructures. Before joining the BIS, she worked starting in 2006 as an economist in the Market and Payment Oversight Department of the Bank of Italy, in the division in charge of supervision of financial markets and large-value payment systems. After her postgraduate studies at the University of Brescia's Master in Money and Finance, she worked at the trading platform TLX (currently EuroTLX) in the Market Surveillance Unit, on the admission to trading of participants and securities. Her research interests include financial markets and financial market infrastructures, in particular central counterparties and large-value payment systems and their connections to the broader financial system. In 2008 she was a visitor to the ECB's Financial Research Division, where she focused on money market spreads in the immediate aftermath of Lehman's collapse.

Fields of interest

  • Financial market infrastructures
  • Financial markets
  • Econometrics

Date BIS research papers
Dec 2015

Central clearing: trends and current issues

BIS Quarterly Review December 2015

Other authors: Dietrich Domanski and Leonardo Gambacorta

Oct 2015

The impact of CCPs' margin policies on repo markets

BIS Working Papers No 515

Other authors: Arianna Miglietta and Mario Pietrunti