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

This paper discusses key findings of the Financial System Stability Assessment for Italy. The assessment reveals that Italyâ€™s financial system is sound, and 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.

MoreLess

Year of publication:	2006-03-14
Institutions:	International Monetary Fund (IMF) ; International Monetary Fund
Subject:	Bank supervision \| Combating the financing of terrorism \| Financial Sector Assessment Program \| Financial soundness indicators \| Fiscal transparency \| Insurance supervision \| Payment systems \| Reports on the Observance of Standards and Codes \| Securities regulations \| banking \| banking supervision \| banking sector \| life insurance \| money laundering \| financial intermediaries \| payment system \| internal controls \| banking law \| banking system \| settlement systems \| supervisory authorities \| securities regulation \| risk management \| capital adequacy \| supervisory authority \| terrorist financing \| market participants \| law enforcement \| due diligence \| good faith \| connected lending \| probability of default \| supervisory framework \| suspicious transactions \| return on equity \| competent authorities \| anti ? money laundering \| foreign exchange \| shell banks \| banking relationships \| banking supervisors \| financial soundness \| sovereign risk \| internal audit \| international standards \| insurance intermediaries \| banking industry \| suspicious transaction \| foreign branches \| organized crime \| financial intelligence unit \| deposit insurance \| bank assets \| prudential supervision \| identification data \| internal control \| securities markets \| foreign banks \| beneficial ownership \| reporting requirements \| risk management practices \| suspicious transaction reporting \| transaction reporting \| banking structures \| international cooperation \| retail banking \| business relationships \| exchange information \| market intermediaries \| bank money \| iosco principles \| enforcement powers \| capital adequacy ratio \| customer identification \| bank capital \| administrative liability \| banks ? balance sheets \| settlement system \| insurance supervisors \| bank groups \| accounting standards \| share capital \| supervisory approach \| financial sector standards \| external auditor \| bank responsibility \| criminal activity \| civil liability \| predicate offence \| settlement risk \| control information \| bank directors \| law enforcement agencies \| transaction reports \| adequate powers \| legal entities \| securities transactions \| securities firms \| loan classification \| bank mergers \| banking risks \| terrorist assets \| terrorism financing \| reputational risks \| judicial proceedings \| law enforcement information \| criminal proceeds \| supervisory regime \| banking statistics \| country comparison \| lawful purpose \| collective investment schemes \| control structure \| bank ownership \| legal arrangements \| suspicious transaction reports \| drug trafficking \| reporting obligations \| capital requirement \| criminal purposes \| account number \| inadequate disclosure \| shell bank \| banking institutions \| wire transfer \| adequate screening procedures \| banking sector assets \| criminal records \| banking laws \| banking community \| insurance business \| holding company \| bank of spain \| banking associations \| bank financing \| bank loan \| deposit insurance scheme \| securities accounts \| life insurance business \| supervisory process \| internal procedures \| banking sector stability \| anonymous accounts \| bank derivative \| audit function \| capital base \| tax havens \| laundered funds \| bank secrecy \| legal entity \| clearing system \| tax evasion \| financial crime \| present value \| tier 1 capital \| banking system assets \| precious stones \| financial sector supervisors \| money laundering cases \| private banking \| average risk \| electronic money \| regulatory requirements \| penal code \| foreign authorities \| bank audits \| administrative sanctions \| return on assets \| cash transactions \| accounting framework \| bank networks \| complete originator information \| supervisory agency \| monetary union \| insurance policies \| precious metals \| clearing house \| key priority \| financial supervision \| adequate enforcement powers \| market manipulation \| banking services \| bank regulation \| terrorist organizations \| asset freezing \| internet casinos \| consolidated supervision \| information exchange \| risk categories \| customer acceptance \| bank accounts \| terrorist threats \| customer identification data \| terrorist acts \| adequate confidentiality \| professional secrecy \| bank group \| banking assets \| revenue source \| securities regulators \| assessment methodology \| regulatory frameworks \| criminal justice \| foreign exchange exposure \| risk profile \| banking system exposures \| value transfer \| confiscated assets \| secrecy provisions \| banks ? loan \| criminal groups \| investigative powers \| liquid asset

More details

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 06/112 11 pages long
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10011242912