Ignazio Visco: Financial stability and regulation

Welcome address by Mr Ignazio Visco, Governor of the Bank of Italy, at the 1st Biennial Banca d'Italia and Bocconi University Conference on Financial Stability and Regulation, Rome, 5 April 2018.

The views expressed in this speech are those of the speaker and not the view of the BIS.

It is a pleasure for me to open this conference on "Financial Stability and Regulation" and welcome all of you who are here today. This will be the first of a biennial series of conferences on financial stability that Banca d'Italia has decided to organise with the Baffi Centre for Applied Research on International Markets, Banking, Finance and Regulation. I would like to thank the organisers, the contributors to the four sessions, the keynote speakers and the panellists of the policy roundtable that will conclude the conference tomorrow afternoon.

In the last ten years or so the objective of promoting and maintaining financial stability has strongly returned to being at the centre of the attention of policy makers in governments, central banks and supervisory and regulatory authorities. Since the global financial crisis, the regulatory framework has been substantially reformed, through the work of the Financial Stability Board, international standard-setters, regional bodies such as the European Commission, and the new laws and regulations established in jurisdictions all over the world.