Italy : Report on the Observance of Standards and Codes

Publication Date: September 27, 2013
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Summary: This Report on Observance of Standards and Codes (ROSC) for Italy summarizes the findings and recommendations of the fiscal assessment of Italy’s economic policies. It highlights that while raising the bar for banking supervision, the Core Principles must be capable of application to a wide range of jurisdictions. The new methodology reinforces the concept of proportionality, both in terms of the expectations on supervisors and in terms of the standards that supervisors impose on banks. It recommends that a group-focused supervisory approach for the nationally significant insurers and sophisticated offsite monitoring together with ad hoc inspections for smaller entities is required.
Series: Country Report No. 13/301
Subject(s): Financial system stability assessment | Banking sector | Basel Core Principles | Bank supervision | Insurance supervision | Securities markets | Securities regulations | Reports on the Observance of Standards and Codes | Italy

Publication Date: September 27, 2013
ISBN/ISSN: 9781484346754/1934-7685 Format: Paper
Stock No: 1ITAEA2013004 Pages: 55
US$18.00 (Academic Rate:
US$18.00 )
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