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

This paper reviews findings of the Detailed Assessment of Italyâ€™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 banksâ€™ loan portfolios remains moderate. Cost-cutting and restructuring remain key challenges for Italian banks, with several conjunctural factors putting pressures on costs and income.

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Year of publication:	2004-05-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Basel Core Principles \| banking \| banking supervision \| banking supervisors \| internal audit \| capital adequacy \| internal controls \| holding company \| banking system \| risk management \| internal control \| supervisory authority \| consolidated supervision \| prudential supervision \| supervisory authorities \| foreign banks \| financial intermediaries \| foreign exchange \| connected lending \| bank assets \| foreign branches \| loan classification \| banking sector \| deposit insurance \| banking industry \| accounting standards \| internal control systems \| audit function \| securities firms \| penal sanctions \| money laundering \| judicial authorities \| bank groups \| financial supervision \| banking business \| supervisory framework \| banking law \| life insurance \| reporting requirements \| internal rules \| financial soundness \| bank holding \| competent authorities \| administrative sanctions \| bank management \| internal procedures \| payment system \| information exchange \| suspicious transactions \| banking legislation \| banks ? loan \| market participants \| good faith \| risk profile \| banking activities \| external auditing \| capital requirement \| deposit insurance scheme \| risk management systems \| banking institutions \| bank inspection \| monetary union \| capital base \| foreign authorities \| enforcement powers \| settlement risk \| settlement systems \| bank holding companies \| return on equity \| internal auditing \| share capital \| professional secrecy \| bank borrowers \| banks ? balance sheets \| bank loans \| criminal conviction \| bank holding company \| external auditor \| regulatory approach \| technical resources \| bankers \| supervisory process \| asset management company \| false information \| distressed bank \| supervisory agencies \| licensing process \| financial crime \| problem bank \| banking license \| credit risk management \| prudential regulation \| exchange information \| banking operations \| management information system \| deposit insurance coverage \| internal policies \| laundering legislation \| bank records \| banking risks \| insurance business \| assessment process \| transaction reports \| bank branches \| bank officials \| share information \| financial activity \| regulatory authorities \| bank of spain \| bank inspections \| bank reports \| banks ? asset \| internal control procedures \| central banking \| criminal purposes \| banking community \| internal organization \| foreign regulators \| supplementary capital \| bankers ? associations \| supervisory approach \| bankrupt \| tier 1 capital \| bank exposures \| average risk \| bank liquidation \| foreign exchange exposure \| prudential purposes \| insurance premium \| securities industry \| banking units \| bank staff \| licensing authority \| bank audits \| basel accord \| probability of default \| supervisory agency \| bank credit \| banking regulations \| judicial proceedings \| identification data \| return on assets \| bank officers \| market manipulation \| bankers ? association \| bank takes \| banking systems \| banking market \| transferable securities \| financial intelligence unit \| tax authorities \| banking regulation \| international payment system \| criminal activities \| financial operations \| collective investment schemes \| economic condition \| customer identification \| deposit guarantee \| risk management practices \| liquid asset \| international accounting standards \| due consideration \| banks ? assets \| bankruptcy procedure \| international standards \| criminal elements \| banking services \| risk categories \| face value

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Extent:	application/pdf
Series:	IMF Staff Country Reports.
Type of publication:	Book / Working Paper
Notes:	The text is part of a series IMF Staff Country Reports Number 04/133 8 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005591359