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 …

financial sector. According to the Financial Sector Assessment Program (FSAP), banks remain exposed to liquidity and credit …

, regionally active banks. Banking services to the population are also provided by the credit union sector. With a deteriorating …