The European Commission has today announced it will delay the application date of the Insurance-Based Investment Products (Priips) regulation until 1 January 2018. This follows on the decision of the European Parliament to reject the secondary legislation Regulatory Technical Standards (RTS) on the Priips Key Information Document (Kid), as reported, in September. At the end […]
The odds of the UK leaving the EU – Brexit – shortened significantly over the past day as London’s charismatic mayor Boris Johnson came out in favour of voting to leave when the country holds a referendum on 23 June. According to online service Oddschecker, which lists odds being offered by betting firms across the […]
Net inflows posted by Italian banks turned positive in August for the first time since March, according to data published by the Italian banking association ABI.
Fabio Cerchiai has been appointed chairman at Italy’s Febaf, the federation of banks, insurance companies and financial institutions.
The strategic model according to which the Italian banking sector supports foreign efforts of domestic corporates has undergone “a genetic change”, with banks looking to develop an advisory and partnership relationship with the client.
The presiding council of the Association of Italian Bankers (ABI) has resigned en masse, in protest at the liberalisation measures being pushed through by Mario Monti.