Italy: Technical Note on Safety Nets, Bank Resolution, and Crisis Management Framework

International Monetary Fund

No 2013/350, IMF Staff Country Reports from International Monetary Fund

Abstract: This Technical Note elaborates the recommendations made in the Financial Sector Assessment Program (FSAP) for Italy in the areas of contingency planning, crisis management, and bank resolution. The note sets out a brief overview of the impact of the global financial crisis in Italy and how the authorities handled the crisis. It analyzes the institutional framework and domestic and cross-border coordination arrangements. The supervisory approach to intervene with potential problem banks at an early stage is examined. The note also covers crisis management tools, including official financial support measures, the resolution framework, and the deposit guarantee framework.

Keywords: ISCR; CR; resolution authority; central bank; resolution authorities; financial crisis; authorization of the BI; joint stock; line item; SA regime; bail-in power; banking sector; credit line; Bank resolution framework; Bank resolution; Legal support in revenue administration; Crisis management; Financial sector stability; Global; EU banking recovery; Banca monte dei Paschi di Siena; bank assistance; mutual bank; government of Italy; Crisis resolution (search for similar items in EconPapers)
Pages: 35
Date: 2013-12-06
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