Luigi Federico Signorini: How financial systems work - evidence from financial accounts

Opening remarks by Mr Luigi Federico Signorini, Deputy Governor of the Bank of Italy, at the Bank of Italy conference on "How financial systems work: evidence from financial accounts", Rome, 30 November 2017.

The views expressed in this speech are those of the speaker and not the view of the BIS.

It is a pleasure to welcome you to the Banca d'Italia for this workshop. As a former head of the Statistical Directorate I am particularly happy to see such a distinguished list of speakers and guests on this occasion. I would like to thank all those who contributed, from other institutions, from academia, and from inside the Bank.

Financial accounts have a long history and we take some pride in having worked on them almost from the beginning. As many in this room will know, the first model accounts were developed by Morris A. Copeland for the US.