Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

 
 
Publication Date: December 06, 2013
 
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Summary: This paper elaborates key findings of the Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision by Italy. The core supervisory process at the Banca d’Italia (BI) is strong, and it has a well-defined and integrated supervisory approach. BI is well regarded both in terms of independence, professional qualification, and integrity. The various components of its supervision are integrated in the Supervisory Review and Evaluation Process. The authorities have made progress in addressing the recommendations of the 2006 Financial Sector Assessment Program, although some issues remain. The supervisory coverage of the Bank of Italy is comprehensive, and the follow-up process is intensive.
 
Series: Country Report No. 13/354
Subject(s): Basel Core Principles | Banking sector | Bank supervision | Reports on the Observance of Standards and Codes | 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).
 
English
Publication Date: December 06, 2013
ISBN/ISSN: 9781475572551/1934-7685 Format: Paper
Stock No: 1ITAEA2013013 Pages: 179
Price:
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