Italy: Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements

August 4, 2020

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Format: Chicago

Italy: Financial Sector Assessment Program-Technical Note-Financial Safety Net and Crisis Management Arrangements, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Summary

The Italian financial safety net and crisis-management framework has been substantially strengthened since the 2013 FSAP. Among others, the authorities have enhanced the early intervention framework, introduced a new resolution regime (including recovery and resolution planning requirements), and introduced reforms of the two deposit guarantee schemes (DGS) that are active in Italy. Further enhancements at the Banking Union level, as outlined in the 2018 Financial System Stability Assessment for the euro area (IMF Country Report No. 18/226)—including the introduction of an adequately funded common deposit guarantee scheme, a harmonized bank liquidation framework and a finetuning of state aid rules—would yield further benefits for Italy.

Subject: Bank liquidation, Bank resolution, Bank resolution framework, Banking, Crisis management, Deposit insurance, Financial crises, Lender of last resort

Keywords: Bank liquidation, Bank resolution, Bank resolution framework, Banking group, Banking industry, BNP Paribas, CR, Crisis management, Depositor preference regime, Financial market, Financial support, ISCR, Lender of last resort, Member bank, Private sector, Public funds, Resolution authorities, Resolution regime post BRRD transposition

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/235
Stock No:

1ITAEA2020005
ISBN:

9781513552163
ISSN:

1934-7685

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