Italy:Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements

Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements

Volume/Issue: Volume 2020 Issue 235

Publication date: August 2020

ISBN: 9781513552163

$18.00

Add to Cart by clicking price of the language and format you'd like to purchase

Available Languages and Formats

	Paperback	PDF	ePub
English

Prices in red indicate formats that are not yet available but are forthcoming.

Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , ISCR , CR , financial support , member bank , banking group , BNP Paribas , depositor preference regime , resolution authorities , banking industry , resolution regime post BRRD transposition , private sector , financial market , public funds , Bank resolution framework , Bank resolution , Crisis management , Lender of last resort , Bank liquidation

Also of interest

Peru

Grenada

Nepal

Peru

Summary

The Italian financial safety net and crisis-management framework has been substantially strengthened since the 2013 FSAP. Among others, the authorities have enhanced the early intervention framework, introduced a new resolution regime (including recovery and resolution planning requirements), and introduced reforms of the two deposit guarantee schemes (DGS) that are active in Italy. Further enhancements at the Banking Union level, as outlined in the 2018 Financial System Stability Assessment for the euro area (IMF Country Report No. 18/226)—including the introduction of an adequately funded common deposit guarantee scheme, a harmonized bank liquidation framework and a finetuning of state aid rules—would yield further benefits for Italy.