On October 4th and 5th 2018 the Bank of Italy hosted the Policy Research Meeting on Financial Markets and Institutions, jointly organized with the US Federal Reserve. The meeting – part of a series of events which periodically bring together representatives of central banks from both sides of the Atlantic – was dedicated to the memory of Andrea Generale, a former Bank of Italy official who personally contributed to an earlier meeting in 2015.
The conference covered a wide range of topics, including the gradual monetary policy normalization in the US and the euro area and its effects on financial market conditions; the risks stemming from the household sector a decade after the sub-prime mortgages crisis; the effectiveness of policies aimed at strengthening financial stability, with a focus on capital requirements, stress testing, resolution regimes, proportionality in regulation; the possible role of central banks in guiding the development of digital currencies and in designing modern payment system regulation.
