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 …

risks posed by individual banks but also, importantly, those posed by nonbanks and the system as a whole. The recent …

from domestic banks. As public debt approached sustainability limits in a number of countries, however, high bank exposure …

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 …

. 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 …

securities, and insurance policies. Systemic liquidity provision, deposit insurance, and bank resolution form the financial …