Published by Global Banking & Finance Review®
Posted on October 28, 2025
1 min readLast updated: January 21, 2026
The central bank advises Italian banks to bolster resilience against economic challenges by investing in innovation and IT security.
ROME (Reuters) -Italian banks should use resources generated by the current favourable period to strengthen their capacity to cope with unfavourable scenarios, the country's central bank governor Fabio Panetta said on Tuesday.
Addressing a financial conference in Rome, Panetta also called on domestic lenders to invest more in innovation, IT security and support economic growth.
(Reporting by Giuseppe Fonte, editing by Alvise Armellini)
A central bank is a financial institution that manages a country's currency, money supply, and interest rates. It oversees the banking system and implements monetary policy.
Financial resilience refers to the ability of an organization, such as a bank, to withstand economic shocks and maintain stability in times of financial stress.
IT security involves protecting computer systems and networks from information disclosure, theft, or damage to hardware, software, or data. It is crucial for safeguarding sensitive financial information.
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