Banks have been among the few beneficiaries of central banks’ aggressive interest-rate hikes to tame inflation. Italian banks have enjoyed rising net interest margins without always sharing their bounties with depositors. In August, Italy joined a few other European governments in imposing a controversial windfall tax on its banking sector.
International Banker is joined by Mr. Giles Edwards, senior director of S&P Global Ratings, to discuss banking-market turmoil, ECB monetary policy and incorporating ESG factors into ratings.
Following in the footsteps of his predecessors, the former prime minister is likely to earn huge sums as an author and speaker, just as the lecture circuit booms back to life.