Waiting for the fog to clear

Italy

While other markets in Europe have registered steady, or even spectacular increases in structured products issuance, Italy has been bogged down in a series of regulatory quagmires that have led to a fall in volumes.

The signs for this year are more promising for bank issuance, certainly now that the Bank of Italy has relaxed its requirements. They are less positive for the issuance of insurance products, however, particularly now that the local financial regulator Commissione Nazionale per le

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