Bank of Italy has published Economic History Working Papers No. 52 – “Land Inequality and Long-Run Growth: Evidence from Italy”

(Only in Italian)
With press release of 2 April 2024, Bank of Italy has announced the gross average yields on fixed-income government securities by residual maturity band for the month of March

ESMA has published its latest edition of the Spotlight on Markets Newsletter

ESMA has launched a consultation on proposed amendments to Commission Delegated Regulation (EU) No 447/2012 and to Annex I of the Credit Rating Agencies Regulation (CRAR)

The objective of the proposals is to ensure a better incorporation of ESG factors in the credit rating methodologies and subsequent disclosure to the public, as well as to enhance transparency and credibility in the credit rating process.

In particular, they aim to:

• ensure that the relevance of ESG factors within credit rating methodologies is subject to systematic documentation;
• enhance disclosures on the relevance of ESG factors in credit ratings and rating outlooks;
• deliver a more robust and transparent credit rating process through the consistent application of credit rating methodologies.

The consultation will end on 21 June 2024.

ESMA has launched the 2024 stress test in which it subjects insurers in the European Economic Area to a hypothetical scenario of severe but plausible adverse developments in financial and economic conditions

This year’s exercise envisions a re-intensification or prolongation of geopolitical tensions and assesses how European insurers would cope with the wide-ranging economic and financial market consequences of such an event.