Meeting on the dynamics of credit and the new definition of default


Economy - published on 05 March 2021


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Treviso, Wednesday 24th February 2021

The President of Unioncamere Veneto, Mario Pozza, and the Head of the Venice Branch of the Bank of Italy, Emanuele Alagna, gave an address on the dynamics of credit and the new
definition of default, contextualized thanks to a benchmark with other European countries.
From the speeches of the speakers it emerged that there are 47 billion of accumulation of liquidity due to the uncertainty caused by the perpetuation of the pandemic and therefore to the
postponement of investments, but it is also an expression of the financial soundness of the system. Deferment and negotiation is a possible dialogue between banks and companies.
It emerged from the reports that public interventions have been able to contain the effects of the crisis.
Coordinator of the proceedings: Dr. Vanni Mengotto
Speakers:
Recent credit dynamics in Veneto
Mariano Graziano
Territorial Economic Analysis and Research Division – Bank of Italy – Venice Branch
The new definition of default
Michele Tribuzio
Head of Supervision Division – Bank of Italy – Venice Branch
The initiatives of the Bank of Italy to protect customers following the new rules on default
Massimo Argirò
Customer Protection and Financial Education Department – Intermediaries’ Behavior Supervision Service – Supervision Division – Bank of Italy
Coordinator of the works: Vanni Mengotto
Territorial Economic Analysis and Research Division – Bank of Italy – Venice Branch

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