Bank of Italy has released one new “Working paper”:
and four new “Occasional Papers”:
- No. 650 – Zombie firms and the take-up of support measures during Covid-19
- No. 651 – Aggregate dynamics and microeconomic heterogeneity: the role of vintage technology
- No. 652 – Data governance and the regulation of the platform economy
- No. 653 – Financial condition indices for emerging market economies: can Google help?
The Report sets out proposed draft Regulatory Technical Standards (RTS) amending the scope of the CO and DTO for OTC interest rate derivatives (IRD) denominated in EUR, GBP, JPY and USD, as part of the transition away from EONIA and LIBOR and onto alternative benchmarks, primarily Risk-Free Rates such as €STR.
The draft RTS have been submitted to the European Commission for endorsement in the form of Commission Delegated Regulations.