Italy: Financial System Stability Assessment, including reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, Insurance, Securities Regulation, Securities Settlement and Payment Systems, Monetary and Financial Policy Transparency, and Anti-Money Laundering and Combating the Financing of Terrorism
IMF Staff Country Reports, March 14, 2006
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- Italy: Financial System Stability Assessment, including reports on the Observance of Standards and Codes on the following topics: Banking Supervision, Payment Systems, Insurance, Securities Regulation, Securities Settlement and Payment Systems, Monetary and Financial Policy Transparency, and Anti-Money Laundering and Combating the Financing of Terrorism
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Bibliographic details
- Published: March 14, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451819984.002
Key findings on financial system soundness
- The assessment reveals that Italy’s financial system is sound.
- No major vulnerabilities that could cause systemic risks are identified.
- The deep restructuring of the banking sector in the 1990s has helped improve the efficiency and competition of the Italian banking industry.
- Most standard performance indicators are now broadly in line with those of other large European countries.
- Competition in the Italian banking sector has not yet been fully reflected in the pricing and quality of core services.
The banking sector and competition
- Deep restructuring in the 1990s contributed to improved efficiency and competition.
- Standard performance indicators are broadly comparable to those of other large European countries.
- Remaining challenge: competition gains are not fully evident in pricing and quality of core banking services.
Scope of the assessment and thematic coverage
- The assessment includes reports on the observance of standards and codes for:
- Banking Supervision
- Payment Systems
- Insurance
- Securities Regulation
- Securities Settlement and Payment Systems
- Monetary and Financial Policy Transparency
- Anti-Money Laundering and Combating the Financing of Terrorism (AML/CFT)
Subjects and keywords emphasized
- Subjects: Anti-money laundering and combating the financing of terrorism (AML/CFT); Banking; Crime; Financial institutions; Insurance; Insurance companies; Legal support in revenue administration; Revenue administration; Terrorism financing.
- Keywords: Anti-money laundering and combating the financing of terrorism (AML/CFT); banking law; banking sector; board of directors; central bank; CR; due diligence; Europe; financial system; Insurance; Insurance companies; ISCR; Legal support in revenue administration; return on equity; risk management; Terrorism financing.
Publication metadata (as presented)
- Date: March 14, 2006
- Pages: 111
- Volume: 2006
- Issue: 112
- Series: Country Report No. 2006/112
- DOI: https://doi.org/10.5089/9781451819984.002
- Stock No: 1ITAEA2006011
- ISBN: 9781451819984
- ISSN: 1934-7685
International Monetary Fund. Monetary and Capital Markets Department — Italy: Financial System Stability Assessment (IMF Staff Country Reports 2006, No. 112).
Content in this bundle
- Executive Summary — Italy Financial Sector Assessment