. The paper discusses the corporate governance of Italian banks, its regulatory framework, and the specific challenges … arising from the role played by foundations and large cooperatives. Although Italian banks have recently made progress in … of foundations when they are the controlling shareholders in banks; and (iv) facilitating the transformation of large …

Addressing the buildup of nonperforming loans (NPLs) in Italy since the global financial crisis will remain a challenge … prolonged recession as well as structural factors that have held back NPL write-offs by banks. The paper discusses the … impediments to NPL resolution in Italy and a strategy for fostering a market for restructuring distressed assets that could …

of tail risks and interconnectedness among key banks and insurance companies in Italy have declined from their peak but …This Technical Note discusses findings of interconnectedness and spillover analysis on Italy. The market-based measures … perception about the condition of the banks appears to be increasingly contaminating the market views on other Italian financial …

banks, and the expansion of European Central Bank (ECB) liquidity facilities has temporarily shielded Italian banks from …

claims in Italy as a key way to improve the environment for sustaining economic growth. There has been considerable interest … in the possibility of introducing a comprehensive wealth tax in Italy, reflecting the public resistance to spending …

risks posed by individual banks but also, importantly, those posed by nonbanks and the system as a whole. The recent … of bank capital, but these apply only to a subset of the financial system. …

from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure … to sovereign risk created a fragile inter-dependence between fiscal and bank solvency. This paper presents a simple model …

Countries implementing International Financial Reporting Standards (IFRS) for loan loss provisioning by banks have been … different perspectives and lack of guidance from IFRS. It suggests actions that supervisors can take to help banks meet …