Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies: Payment Systems Oversight

IMF Staff Country Reports, March 1, 2006

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Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies: Payment Systems Oversight

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Bibliographic details

• Published: March 1, 2006
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451819915.002

Summary

• This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies for Payment Systems Oversight for Italy.
• The Banca d’Italia’s (BI) oversight of payment systems is characterized by high levels of transparency, benefiting from clarity in the European Union-wide institutional framework.
• The BI actively contributes to timely disclosure of policy developments and exchange of information.
• The BI routinely discloses the progress toward achieving its policy objectives, and engages in two-way communication with the markets.

Key findings on oversight and transparency

• BI oversight is characterized by high levels of transparency.
• Clarity of the European Union-wide institutional framework supports BI transparency.
• BI contributes to timely disclosure of policy developments and exchange of information.
• BI routinely discloses progress toward achieving its policy objectives.
• BI engages in two-way communication with the markets.

Subjects

• Banking
• Clearing and settlement systems
• Financial markets
• Financial statements
• Institutional arrangements for revenue administration
• Legal support in revenue administration
• National payment systems
• Payment systems
• Public financial management (PFM)
• Revenue administration

Keywords

• Banca d'Italia e
• BI publication
• BI staff
• BI statute
• Clearing and settlement systems
• CR
• Financial statements
• ISCR
• Legal support in revenue administration
• mission statement
• National payment systems
• Payment systems
• Payment systems oversight
• role of the Banca d'Italia

Content in this bundle

• Cr0677
  • Cr0677 (Markdown version)
  • Cr0677 (PDF)