Italy : Detailed Assessment of Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems

Author/Editor:

International Monetary Fund

Publication Date:

May 14, 2004

Electronic Access:

Free Full Text (PDF file size is 700 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper presents findings of the Detailed Assessment of Italy’s Compliance with the Committee for Payment and Settlement Systems (CPSS) Core Principles for Systemically Important Payment Systems. At present, the Italian banking system is subject to significant challenges resulting from slowing economic growth, and low and declining interest rates, which have resulted in pressures on margins and a need to diversify sources of income. Banca d’Italia RTGS System for Large-Value Payments (BIREL) enables participants to make final and irrevocable transfers between the settlement accounts they hold with the Banca d’Italia.

Series:

Country Report No. 04/132

Subject:

English

Publication Date:

May 14, 2004

ISBN/ISSN:

9781451819762/1934-7685

Stock No:

1ITAEA0012004

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

52

Please address any questions about this title to publications@imf.org