Italy: Technical Note on Safety Nets, Bank Resolution, and Crisis Management Framework

Publication Date: December 06, 2013
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Summary: This Technical Note elaborates the recommendations made in the Financial Sector Assessment Program (FSAP) for Italy in the areas of contingency planning, crisis management, and bank resolution. The note sets out a brief overview of the impact of the global financial crisis in Italy and how the authorities handled the crisis. It analyzes the institutional framework and domestic and cross-border coordination arrangements. The supervisory approach to intervene with potential problem banks at an early stage is examined. The note also covers crisis management tools, including official financial support measures, the resolution framework, and the deposit guarantee framework.
Series: Country Report No. 13/350
Subject(s): Financial safety nets | Bank resolution | Bank supervision | Risk management | International cooperation | Financial Sector Assessment Program | Italy

Notes These documents have been produced in the context of the recent Italy FSAP as background documents to the Financial System Stability Assessment (FSSA) report that was discussed by the Executive Board on September 20, 2013 and published shortly thereafter (the FSSA is available here).
Publication Date: December 06, 2013
ISBN/ISSN: 9781475567984/1934-7685 Format: Paper
Stock No: 1ITAEA2013009 Pages: 35
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