Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision

December 6, 2013

Preview Citation

Format: Chicago

Italy: Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision, (USA: International Monetary Fund, 2013) accessed December 3, 2024

Summary

This paper elaborates key findings of the Detailed Assessment of Observance of Basel Core Principles for Effective Banking Supervision by Italy. The core supervisory process at the Banca d’Italia (BI) is strong, and it has a well-defined and integrated supervisory approach. BI is well regarded both in terms of independence, professional qualification, and integrity. The various components of its supervision are integrated in the Supervisory Review and Evaluation Process. The authorities have made progress in addressing the recommendations of the 2006 Financial Sector Assessment Program, although some issues remain. The supervisory coverage of the Bank of Italy is comprehensive, and the follow-up process is intensive.

Subject: Banking, Credit risk, Financial regulation and supervision, Internal controls, Liquidity risk, Market risk, Operational risk, Revenue administration

Keywords: Authorities comment, Banking authority, Banking groups, Board of directors, Country risk, CR, Credit risk, Credit risk, Detailed Assessment of observance, Eastern Europe, Europe, Global, Internal audit, Internal controls, ISCR, Liquidity risk, Market risk, Markets authority, Observance Basel core principles, Operational risk, Risk appetite, Risk exposure, Risk management, Risk profile, Senior management

Publication Details

Pages:

179
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/354
Stock No:

1ITAEA2013013
ISBN:

9781475572551
ISSN:

1934-7685

Notes

These documents have been produced in the context of the recent Italy FSAP as background documents to the Financial System Stability Assessment (FSSA) report that was discussed by the Executive Board on September 20, 2013 and published shortly thereafter (the FSSA is available here).

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