Luigi Signorini, here is the curriculum vitae of the new Bankitalia CEO appointed by Visco and close to Draghi

26 February 20213 years ago babelfish

Here is the curriculum vitae of Luigi Federico Signorini, new director general of the Bank of Italy in place of Daniele Franco, called by Mario Draghi to the Ministry of Economy.

Welcome to Visco and close to Draghi.

Bank of Italy chooses continuity and appoints Luigi Federico Signorini as general manager, in place of Daniele Franco, called by Mario Draghi to the Ministry of Economy.

The appointment, proposed by the governor Ignazio Visco to the Superior Council, follows the unwritten rule of choosing the most senior member of the directorate.

The other two possible appointments, in fact, Alessandra Perrazzelli and Piero Cipollone, have been part of the organ for a shorter time, Cipollone for just a year while Signorini joined it in 2013, renewed then in 2019.

A renewal that caused a division in the government of the time, the first chaired by Giuseppe Conte, between leaguers and grillini and which caused the appointment to be postponed.

Now the choice must follow the expected procedure and then be approved by decree of the President of the Republic, promoted by the President of the Council of Ministers in agreement with the Minister of Economy and Finance, after consulting the Council of Ministers.

As general manager, Signorini will earn 350 thousand euros gross per year, 100 thousand more than he took as deputy director. The governor instead has an annual salary of 450 thousand euros gross.

Florentine, born in 1955, Signorini despite having a long career in the Bank of Italy has also carried out professions and positions outside Via Nazionale such as journalist, teacher, legislative consultant at the regional level.

After graduating in economics from the University of Florence in 1979, he studied at Harvard University, with a Mortara grant from the Bank of Italy. In 1982 he joined the Research Department. Between 1994 and 1996 he collaborated with the Prime Minister, Lamberto Dini, as a consultant and speechwriter.

He switches to banking and financial supervision in 2008. Prima is head of the Regulatory and Supervisory Policies Service, where he follows the interventions following the crisis and gives impetus to the legislation on banking transparency; then, starting from 2009, he assumed the leadership of the Supervision service on banking groups. From March 2012 to February 2013 he was an Official or General in charge of the Banking and Financial Supervision Area.

In 1982 he joined the Research Department of the Bank of Italy, where he first dealt with industrial structure and policy and then with economic analysis. Between 1994 and 1996 he collaborated as a consultant and speechwriter with the Prime Minister, Lamberto Dini, former general manager of the Bank of Italy and also a Florentine. He returned to the Studies Department of Palazzo Koch and in 1998 was appointed head of the Statistics Department.

From 1998 to 2008 he was a member of the Statistical Committee of the European Central Bank, of the Committee for Monetary, Banking and Balance of Payments Statistics of the European Union (in which he was a member of the executive from 2005 to 2008) and of other international statistical bodies .

He then moved on to banking and financial supervision in 2008, a decisive experience in the internal paths of the central bank. It deals with the rescue interventions of the system following the international crisis and with the legislation on banking transparency. In 2009 he assumed responsibility for the Supervision service on banking groups. Member of the Directorate and Deputy Director General since 11 February 2013, in this capacity he is also a member of the Directorate of the Institute for Insurance Supervision (Ivass). of which he now automatically becomes president.

He is a member of the Basel Committee, of the Board of Supervisors of the European Banking Authority and participates in other European and international supervisory coordination bodies. For years he represented the Bank of Italy in the usual hearings on the Def, the document on economics and finance, and on the budget maneuvers, without giving discounts to the governments on duty.

EXTRACT FROM THE ARTICLE OF THE SUN 24 HOURS ON THE LINKS BETWEEN SIGNORINI AND DRAGHI:

It was in the Florentine youth years that, as an assistant of international economics at the prestigious faculty of political science "Cesare Alfieri", he met Mario Draghi , at that time a professor and already in a strong rise in the institutions, so much so that he took the path of the World Bank. The environment of the "Alfieri" is a very lively breeding ground of progressive ideas, the air you breathe in the economics department – led by Giangiacomo Nardozzi, who hosted Pierluigi Ciocca among other things – is that of a liberal and reformist left , where two young economists coming from US specializations, Draghi and Ezio Tarantelli, join forces, while on the historical-political side of the faculty the legacy of Giovanni Spadolini is preponderant. The paths between the professor who went to Washington and the assistant separate and Signorini pursues his career in Rome within the large Research Department, especially in the statistical area – except for a brief parenthesis as a ghostwriter and consultant to Prime Minister Lamberto Dini, another Florentine who he had been general manager of the Bank of Italy before moving on to political office. Later he will also be in charge of Supervision. Signorini's office has a duration of six years and can be renewed only once: when the mandate of Governor Visco ends, in November 2023, he will still have four years of mandate to fulfill.

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OFFICIAL CURRICULUM OF SIGNORINI FROM THE SITE OF THE BANK OF ITALY:

Born in Florence on October 20, 1955.

Member of the Board and Deputy General Manager of the Bank of Italy since 11 February 2013 (confirmed in the appointment with DPR of 3 May 2019). In this capacity, he is also a member of the Integrated Directory of the Insurance Supervisory Institute (IVASS).

He is a member of the Basel Committee, of the Board of Supervisors of the European Banking Authority and participates in other European and international supervisory coordination bodies.

He studied economics at the University of Florence, where he graduated in 1979, and at Harvard University, with a Mortara grant from the Bank of Italy. Between 1975 and 1982 he worked, among other activities, as a journalist, teacher, legislative consultant at the regional level.

In 1982 he joined the Research Department of the Bank of Italy, where he first dealt with industrial structure and policy and then with economic analysis, developing new analytical and forecasting tools. Between 1986 and 1995 he was again in Florence, at the Regional Economic Research Unit of the Bank; he studies the economy and the regional banking system and in particular the mechanisms underlying the success of the industrial districts of the "Third Italy".

Between 1994 and 1996 he collaborated with the Prime Minister, Lamberto Dini, as a consultant and speechwriter.

In 1995 he returned to the Research Department, as coordinator of the regional research units and manager of the Royal Sector. In 1998 he was appointed head of the Statistics Department of the Studies Service and in 2007 he took over the ownership of the Economic and Financial Statistics Service.

He switches to banking and financial supervision in 2008. Prima is head of the Regulatory and Supervisory Policies Service, where he follows the interventions following the crisis and gives impetus to the legislation on banking transparency; then, starting from 2009, he assumed the leadership of the Supervision service on banking groups. From March 2012 to February 2013 he was General Officer in charge of the Banking and Financial Supervision Area.

In addition to numerous works on the issues of the Italian economic structure, conjunctural analysis, statistical-economic methodology, he wrote a popular book on the Italian economy with Ignazio Visco and edited two volumes of studies on industrial districts, one of which together with Massimo Omiccioli.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/economia/luigi-signorini-ecco-il-curriculum-del-nuovo-dg-bankitalia-nominato-da-visco-e-vicino-a-draghi/ on Fri, 26 Feb 2021 08:46:41 +0000.