Italy: Financial System Stability Assessment

International Monetary Fund

No 2013/300, IMF Staff Country Reports from International Monetary Fund

Abstract: This Financial System Stability Assessment report provides a review of .Italian financial system. The announcement of outright monetary transactions (OMT) and steps toward a banking union have blunted the impact of the sovereign debt crisis on banks, and the expansion of European Central Bank (ECB) liquidity facilities has temporarily shielded Italian banks from wholesale funding volatility. Stress tests suggest that the system as a whole is able to withstand both the already weak baseline macro outlook and the phase-in of Basel III requirements.

Keywords: ISCR; CR; banking system; capital ratio; bank asset quality; central bank; bank solvency; initial margin; return on assets; financial support; real GDP; liquidity buffer; liquid asset; Stress testing; Loans; Capital adequacy requirements; Global; Europe (search for similar items in EconPapers)
Pages: 60
Date: 2013-09-27
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