Q&A: Visco of Bank of Italy on bank reforms and supervision

Splitting off prop trading would ‘complement’ EU resolution regime

Ignazio Visco. Photo: Alessandro Marchese

Ignazio Visco, governor of Italy's central bank, acknowledges an overlap between the European Union's proposed bank structural reforms, which envisage forced separation of proprietary trading, and the bloc's Bank Recovery and Resolution Directive (BRRD). But he sees the two sets of measures as reinforcing each other, rather than over-complicating banking regulation.

"There is a complementarity between reforms that aim at separating proprietary trading from core activities and reforms that aim at

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