 The reform of the capital of the Bank of Italy: accounting, fiscal and vigilance effects on the shareholder banksGuido Abate ()
Rivista Bancaria - Minerva Bancaria, 2015, issue 1 Abstract: This study analyzes the reform of the capital carried out by the Bank of Italy in 2013, evaluating it in the broader evolution of that institution and within the operations that have involved the shareholding of an international sample of central banks in the past decades, identifying points of contact and divergence with the foreign experience. Moreover, the study evaluates the effects of the 2013 reform on the financial reports of its main shareholders, with a focus on banks, delving into the controversial aspects in the light international accounting standards, with particular regard to the operations of derecognition and recognition of the shares of capital. The impact of the reform is analyzed both on the taxation of shareholders and on banks’ capital requirements, on the basis of the regulations issued by the Bank of Italy and of the choices made by the subjects involved. Keywords: Bank of Italy; equity value of central banks; bank’s financial report (search for similar items in EconPapers) Downloads: (external link) Related works: Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text Persistent link: https://EconPapers.repec.org/RePEc:rvs:bancar:15_1_3 Access Statistics for this article More articles in Rivista Bancaria - Minerva Bancaria from Istituto di Cultura Bancaria Francesco Parrillo |
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