ROMA (ITALPRESS) – “The strategic objective of banks is now to help avoid a new recession and promote the solid recovery of the economy and employment. First of all, it is necessary to encourage more substantial and stable productive investments in the savings and profits of enterprises. It is necessary to encourage wealth and investment, first of all technological. As long as there are no indispensable European codes of banking, financial, tax and criminal law of the economy, national policies must ensure a fair competitive framework in the European Union.” Thus the president of the Abi Antonio Patuelli, in the lectio magistralis at the University of Pisa that gave him the master degree honoris causa in Bank, Corporate Finance and Financial Markets.
“The European Banking Union must progress, which has been blocked for a decade by discussions on the European Banking Guarantee and on limits to the detention of public debt by banks. The European banking union must quickly become the Union of corporate rules, the market, savings and investments,” he added.
According to Patuelli “the increased solidity of the banks is indispensable to guarantee its prospect stability, for always new investments first technological for the greater protection of the data and for the fight against the many types of illicit and scams, for the application of artificial intelligence, for the new criticalities of the markets, to finance enterprises and families and to face stagnations, recessions, deterioration of the debts, financial crisis and sovereigns”.
Finally, for the president of the Abi “banks, always in competition among themselves, must always be independent and constructive towards sustainable development, committed first of all for the ethics that emanates from the principles of the Constitution of the Republic, in order to compete, as Article 4 prescribes, to the material and spiritual progress of society. Today, a new European digital constitutionalism is urgently needed to define the duties and rights of each person in the face of the new potential and risks to freedoms.”.
-Photo IPA Agency-
(ITALPRESS).
