Fabio Panetta: Institutional investors' asset allocation and the real economy

Opening remarks by Mr Fabio Panetta, Deputy Governor of the Bank of Italy, at the Panel on "Institutional investors' asset allocation and the real economy" at "Evolving landscapes of bank and non-bank finance", Bank of Italy-LTI@UniTo Conference, Rome, 7 December 2018.

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

I am very happy to be here today at this joint Banca d'Italia-Long-term Investors conference on the evolving structure of bank and non-bank finance. As the first session already highlighted, the conference provides useful indications on how to stimulate firms' access to market finance, alongside the traditional banking sector.

My role today is to chair the roundtable on "Institutional investors' asset allocation and the real economy", which focuses on how institutional investors can contribute to expanding the range of services and the volume of financial resources available to businesses. The panel will benefit from the contributions of distinguished participants, who will share their experience in the field with us. But before we start the discussion, let me briefly explain why, in my view, it is crucial that institutional investors play a larger role in funding the real economy.