## Italy: Financial Sector Assessment Program-Technical Note-Systemic Risk Analysis and Stress Testing of the Banking and Corporate Sectors

_IMF Staff Country Reports, August 4, 2020_

## Source details

**Canonical URL:** [Italy: Financial Sector Assessment Program-Technical Note-Systemic Risk Analysis and Stress Testing of the Banking and Corporate Sectors](https://www.imf.org/en/publications/cr/issues/2020/08/03/italy-financial-sector-assessment-program-technical-note-systemic-risk-analysis-and-stress-49635)

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## Bibliographic details
- Published: August 4, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513552217.002

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### Background and Context
- The Financial Sector Assessment Program (FSAP) took place against the backdrop of an ongoing recovery of the financial system.
- Since the global financial crisis (GFC), financial regulation has been substantially enhanced by the implementation of euro area-wide (EA-wide) regulatory and supervisory frameworks.
- The Italian authorities implemented measures that:
  - improved governance,
  - facilitated capitalization,
  - raised prudential requirements,
  - improved asset quality.

### Main Findings
- Italian banks have made substantial progress tackling legacy non-performing loans (NPLs).
- Italian banks have improved solvency ratios in response to regulatory and policy changes.
- The note focuses on systemic risk analysis and stress testing of the banking and corporate sectors.

### Subject Areas and Keywords
- Subjects: Bank deposits, Banking, Commercial banks, Financial crises, Financial institutions, Financial sector policy and analysis, Loans, Securities, Stress testing
- Keywords: accounts receivable, balance sheet, banking system, Commercial banks, coverage ratio, CR, credit risk, Europe, financial system, fixed income, Global, gross domestic product, hurdle rate, ISCR, Loans, modified duration, Securities, sensitivity analysis, Stress testing

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_Source: https://www.imf.org/en/publications/cr/issues/2020/08/03/italy-financial-sector-assessment-program-technical-note-systemic-risk-analysis-and-stress-49635_