Differently respect to US and main EU regulation, New Basel accord for Italian banks do not allow to use advanced methodologies for the capital requirement related to operational risk. These banks could only use the standard approach and cannot benefit from the lower capital constraints...

The evolution of the Italian regulatory system is based on five basic principles: (i) maintenance of trust in the financial system; (ii) investors protection; (iii) stability and wellfunctioning of the financial system; (iv) financial system competitiveness; (v) compliance of financial rules....