Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
IMF Staff Country Reports, December 6, 2013
Source details
- Canonical URL
- Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
Other formats
Bibliographic details
- Published: December 6, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475572551.002
Key findings
- The core supervisory process at the Banca d’Italia (BI) is strong.
- BI has a well-defined and integrated supervisory approach.
- BI is well regarded in terms of independence, professional qualification, and integrity.
- The various components of BI’s 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.
Subject coverage and thematic scope
- Banking
- Credit risk
- Financial regulation and supervision
- Internal controls
- Liquidity risk
- Market risk
- Operational risk
- Revenue administration
Observations on governance and supervision
- BI’s independence, professional qualification, and integrity are highlighted as strengths.
- Supervisory functions are coordinated through an integrated Supervisory Review and Evaluation Process.
- Progress has been made on prior FSAP recommendations from 2006, but residual issues persist (no further detail provided on outstanding issues in the source text).
Publication and document metadata
- Title: Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision
- Publication date: December 6, 2013
- Series: Country Report No. 2013/354
- Issue: 354
- Volume: 2013
- Pages: 179
- DOI: https://doi.org/10.5089/9781475572551.002
- ISBN: 9781475572551
- ISSN: 1934-7685
Source: International Monetary Fund. Monetary and Capital Markets Department, "Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision", IMF Staff Country Reports 2013, 354 (2013).
Content in this bundle
- Cr13354
- cr13300