Press Release N° 66 of 04/30/2009
The �Financial Stability Safeguard Committee' met today to examine recent developments of the tension on international and domestic financial markets.
The meeting, chaired by Minister of the Economy and Finance Giulio Tremonti, was attended by Banca d'Italia's Director General Fabrizio Saccomanni, Treasury Director General Vittorio Grilli, the Chairman of insurance industry supervisory body ISVAP Giancarlo Giannini and the Chairman of stock market regulator CONSOB Lamberto Cardia.
The Banca d'Italia stressed that credit quality requires close monitoring in an unfavourable economic situation.
The Supervisory Authorities reported to the Committee on the evolution of the financial crisis and confirmed that the Italian financial system is fundamentally sound.