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

Author/Editor:

International Monetary Fund. Monetary and Capital Markets Department

Publication Date:

December 6, 2013

Electronic Access:

Free Full text (PDF file size is 1596 KB).Use the free Adobe Acrobat Reader to view this PDF file

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:

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 6, 2013

ISBN/ISSN:

9781475572551/1934-7685

Stock No:

1ITAEA2013013

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

179

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