(Finance) – “The origins of the Italian Stock Exchange are in Genoa. The Banco di San Giorgio became the seat of the first commodity exchange on the peninsula, because Italy did not yet exist. The Commodity Exchange was born in Genoa in the 16th century, while in 1840 the first Stock Exchange was born in Genoa. Then we know that it developed and operated until the financial crisis, until the early twentieth century.” He said it Fabio Panetta, Governor of the Bank of Italyduring the annual congress of Assiom Forex, the association of financial market operators, underway in Genoa.
“The Bank of Italy also had its origins in Genoa – he continued – At the behest of Cavour, in the mid-nineteenth century the Banca di Sconto of Genoa, the most important issuing institution on the peninsula, merged with the Banca di Sconto of Turin and the Banca Nazionale degli Stati Sardi was born. After 40 years, this – which had in the meantime changed its name to Banca Nazionale nel Regno d’Italia – merged with two Tuscan issuing institutions and the Bank of Italy was born in 1893.
“So I am particularly happy to begin my journey as Governor in one beautiful city, welcoming and so important for the financial system and for the Bank of Italy”, he underlined.
The Governor also made a brief reference to the most recent events, “because Genoa also evokes the effort that has been made by many – including the Bank of Italy – to keep alive a credit and financial engine for the city of Genoa, for Liguria and for Italy. And today we are guests of the group that includes the bank I am referring to.” Panetta, without naming him, referred to the rescue of Carige Bank by the BPER Banca Group.