But a big test lies ahead: a showdown over the “Doing Business” report, one of the bank's most successful research products, but one which some shareholders would like to see watered down or scrapped.
Mr Monti is being as bold as he can, but he has lost popularity, some of his reforms have been watered down and his ability to do things is waning as next spring's election approaches.
Instead of telling the same story again in a watered down or more convoluted way, what you can do then is go back to the premise and change the core idea.
This is the latest in an ongoing row over an independence referendum. The vote had already been watered down after the Constitutional Court intervened at the end of September.