Italy: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision

May 14, 2004

Preview Citation

Format: Chicago

Italy: Detailed Assessment of Compliance with the Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2004) accessed September 18, 2024

Summary

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

Publication Details

Pages:

82
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/133
Stock No:

1ITAEA0022004
ISBN:

9781451819823
ISSN:

1934-7685

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