Italy’s use of derivatives for EMU access under scrutiny

The Italian government’s use of swaps in the run-up to European economic and monetary union (EMU) has caused an international debate about the regulation of derivatives. Along with a number of other European governments – including those of Sweden, France and Ireland – the Italian government has been using over-the-counter swaps since the early 1990s, principally to hedge its foreign currency risks.

But the issue of how to regulate this use of derivatives has been brought sharply into focus b

To continue reading...

You need to sign in to use this feature. If you don’t have a Risk.net account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an indvidual account here: