Banks and finance after the crisis: Lessons and challenges
Ignazio Visco ()
PSL Quarterly Review, 2018, vol. 71, issue 286, 255-277
The double-dip recession that hit the Italian economy between 2008 and 2013 has caused severe difficulties for the banking sector in the last few years, which have been aggravated by cases of malfeasance. This speech discusses the response of the Bank of Italyâ€™s supervision and the measures adopted to solve the crises that have concerned some banks. It then examines the questions still open regarding the new European financial regulation framework, especially those concerning State aid and bank resolution, as well as its flaws, including the lack of crisis management rules designed to avoid a disorderly exit of banks from the market. Finally, it looks at the main challenges facing Italyâ€™s banking sector, i.e. recovering profitability and adjusting to changes in the production system and in technology.
Keywords: Italyâ€™s banking sector; banking crises; bank resolution (search for similar items in EconPapers)
JEL-codes: G21 G33 G38 (search for similar items in EconPapers)
References: Add references at CitEc
Citations: View citations in EconPapers (1) Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:psl:pslqrr:2018:31
Ordering information: This journal article can be ordered from
Access Statistics for this article
PSL Quarterly Review is currently edited by Alessandro Roncaglia and Carlo D'Ippoliti
More articles in PSL Quarterly Review from Economia civile
Bibliographic data for series maintained by Carlo D'Ippoliti ().