The Italian Banking System: Impact of the Crisis and Future by Stefano Cosma, E. Gualandri

By Stefano Cosma, E. Gualandri

Why was once the Italian Banking approach extra resilient through the sub-prime predicament and harder-hit within the sovereign predicament? Will their power within the retail industry end result as an asset or a legal responsibility for Italian banks sooner or later? This ebook deals an in-depth research of 1 of an important ecu banking structures its makes an attempt to climate the problem.

Show description

Read or Download The Italian Banking System: Impact of the Crisis and Future Perspectives PDF

Best risk management books

A Short Guide to Reputation Risk (Short Guides to Risk)

There are all kinds of difficulties linked to attractiveness danger. Many companies locate that it does not healthy well inside of operational chance; others fight to allocate accountability for it or to discover methods of reporting successfully. probably the largest challenge of all is that enterprises usually confuse acceptance threat with popularity administration.

Policy Issues in Insurance Financial Management of Large-Scale Catastrophes (Policy Issues in Insurance)

###############################################################################################################################################################################################################################################################

The Italian Banking System: Impact of the Crisis and Future Perspectives

Why used to be the Italian Banking approach extra resilient in the course of the sub-prime obstacle and harder-hit within the sovereign drawback? Will their energy within the retail marketplace consequence as an asset or a legal responsibility for Italian banks sooner or later? This e-book deals an in-depth research of 1 of crucial ecu banking structures its makes an attempt to climate the trouble.

FX Barrier Options: A Comprehensive Guide for Industry Quants

This publication is a quantitative quide to barrier strategies in FX environments.

Additional info for The Italian Banking System: Impact of the Crisis and Future Perspectives

Sample text

The situation in Italy was clearly one of the least serious: only four banks were recapitalised by means of the Tremonti bond facilities. 3 per cent of GDP, the lowest figure of all the countries considered. 9 per cent of GDP. 6 per cent. 9 per cent of GDP. Starting in October 2008, the Italian authorities (government and Parliament with the support of the Bank of Italy) introduced a series of measures (Banca d’Italia 2009a, 2009b; FSB 2011; Petrovic and Tutsch 2009), in line with the international initiatives in the sector and, where appropriate, in accordance with the European Commission regulations on state aid.

The business model that was based on a strong focus on traditional banking business, which protected Italian banks in the first phase of the global financial crisis, has thus become a weak point in the second phase. The prospects for Italian banks must be viewed in three main contexts: the development of the global financial crisis, the specific economic and financial situation in Italy, the perspectives of the Italian banking system itself. The first context is in relation to the future development of the global financial crisis, which depends on a number of interconnected factors:—the time taken and the methods adopted to solve the Greek crisis, and the consequent impact on the Euro Area as a whole; the evolution of the sovereign debt crisis.

This scheme was available until 31 December 2009 and was never used, meaning that within the Italian banking system not one bank was rescued and nationalised. 3. Strengthening and supporting of banks. This scheme is still working and consists of special equity instruments, Tremonti bonds, issued by sound banks, eligible as Tier 1 regulatory capital, and subscribed to by the MEF. The measure is intended to strengthen banks in order to maintain the flow of credit to SMEs, in particular. This is one of the key measures and is described in detail below.

Download PDF sample

Rated 4.13 of 5 – based on 43 votes