solvency shocks, but concerns persist about the ability of bank models to capture unexpected losses …

This note presents a targeted review of selected aspects concerning the regulation and supervision of banks in Italy … and their governance framework. The review was carried out as part of the 2019 Italy Financial Sector Assessment Program … transactions, which apply to both SIs and LSIs in Italy …

place in Italy and of the level of compliance with the Financial Action Task Force 40 (FATF 40) recommendations and the …

in place in Italy as at the date of the onsite visit. It analyzes the level of compliance with the Financial Action Task … Force recommendations and the level of effectiveness of Italy's AML/CFT system, and provides recommendations on how the … system could be strengthened. Italy has a mature and sophisticated AML/CFT regime, with a correspondingly well …

possible reforms to modernize Italy's social safety net as well as ways to lower the tax wedge on labor. With a social safety … labor income, there is significant scope to improve Italy's system of taxes and transfers to promote growth and inclusion …. The paper also simulates the cost of a modern safety net using EUROMOD. The paper also provides an overview of Italy …

This 2018 Article IV Consultation highlights that Italy has been struggling with low economic growth and poor social …, and the risk of recession has risen. The extent to which risks materialize depends largely on Italy's policies. The … is the only durable way for Italy to improve outcomes and enhance resilience. A package of structural reforms, a credible …

This 2020 Article IV Consultation with Italy reflects discussions with the Italian authorities in January 2020 and is … based on the information available as of January 28, 2020. It focuses on Italy's medium-term challenges and policy … priorities and was prepared prior to the outbreak of COVID-19 in Italy. It, therefore, does not cover the outbreak or the related …