Italy: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision
May 14, 2004
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This paper reviews findings of the Detailed Assessment of Italy’s Compliance with the Basel Core Principles for Effective Banking Supervision. The Italian banking system seems to exhibit a high degree of resilience to possible macroeconomic shocks, as supported by the evolution of some financial soundness indicators and by the results of various model simulations. Despite significant improvements over the last few years, the quality of banks’ loan portfolios remains moderate. Cost-cutting and restructuring remain key challenges for Italian banks, with several conjunctural factors putting pressures on costs and income.
Subject: Banking, Basel Core Principles, Capital adequacy requirements, External audit, Financial institutions, Financial regulation and supervision, Internal controls, Loans, Operational risk, Public financial management (PFM), Revenue administration
Keywords: banking system, Basel Core Principles, BI branch, BI regulation, board of directors, business plan, capital base, country risk, CR, External audit, financial condition, Global, holding company, interest rate, Internal controls, ISCR, Loans, Operational risk, senior management, supervisory instruction
Pages:
82
Volume:
2004
DOI:
Issue:
133
Series:
Country Report No. 2004/133
Stock No:
1ITAEA0022004
ISBN:
9781451819823
ISSN:
1934-7685
