| Description |
1 online resource (60 pages) : color illustrations |
| Series |
IMF country report ; no. 13/300 |
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IMF country report ; no. 13/300.
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| Contents |
Cover; Contents; Glossary; A; B; C; D; E; F; G; H; I; L; M; N; O; P; R; S; T; V; EXECUTIVE SUMMARY; TABLES; 1. Key Technical Recommendations; STRUCTURE AND RECENT PERFORMANCE OF THE FINANCIAL SYSTEM; 2. Financial Soundness Indicators for 63 Banking Groups: 2007-12; 3. Financial Soundness Indicators by Size of Banking Groups: 2008 and 2012; FIGURES; 1. Structure of the Banking System; 2. Bank Funding; 3. Impact of the Recession and the European Sovereign Debt Crisis; 4. Bank Capital; 5. ECB Support and its Effects; BOXES; 1. Monte dei Paschi di Siena |
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SYSTEMIC RISK, TRANSMISSION, AND MITIGATIONA. Key Systemic Risk Sources and Spillovers; 6. Selected Insurers' Share Price and CDS Spreads; 2. Systemic Risk Map; 7. Cross-sector linkages within Italy; 8. Corporate Sector Leverage; 3. Loan Loss Classification and Provisions in International Perspective; 9. Liquidity Risks and Eligible Collateral Buffers of Italian Banks; 10. Italian Banks' Foreign Claims; 11. Indications of Intra-Group Financial Flows; 12. Italian Banks' Presence in CEE; 13. Foreign Claims vis-à-vis Italy and other Peripheral European Countries by Sector |
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B. Systemic Risk Monitoring and Mitigation: Macroprudential ArchitectureBANKING SECTOR RESILIENCE; A. Solvency Stress Tests; 14. Solvency Stress Tests: Baseline Scenario; 15. Solvency Stress Tests:; 16. Solvency Stress Tests: 'Adverse' Scenario; 17. CET 1 Ratios (Top) and Tier 1 Ratios (Bottom) According to Bank Size; 18. CET 1 Ratios (Top) and Tier 1 Ratios (Bottom) According to Type of Bank; B. Liquidity Stress Tests; 19. Sensitivity Analyses for Sovereign and Credit Concentration Risk; 20. Liquidity Stress Tests:' Adverse Scenario'; C. Overall Assessment |
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21. Liquidity Stress Tests: 'Alternative Scenario'FINANCIAL SECTOR OVERSIGHT, GOVERNANCE, AND INFRASTRUCTURE; A. Financial Sector Oversight; B. Financial Sector Governance; 22. Foundations as Shareholders of Italian Banks, 2012; C. Systemically Important Infrastructures; FINANCIAL SECTOR SAFETY NETS; A. Supervisory Early Intervention; B. Official Financial Support; C. Orderly and Effective Resolution; D. Deposit Guarantee; APPENDIXES; I. 2006 FSAP Main Recommendations: Status of Implementation |
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II. The Financial Situation of the Household and Corporate Sectors and Credit Risk Implications for BanksIII. Risk Assessment Matrix; IV. Stress Test Matrix (STeM): Solvency and Liquidity Risks |
| Summary |
This Financial System Stability Assessment report provides a review of .Italian financial system. The announcement of outright monetary transactions (OMT) and steps toward a banking union have blunted the impact of the sovereign debt crisis on banks, and the expansion of European Central Bank (ECB) liquidity facilities has temporarily shielded Italian banks from wholesale funding volatility. Stress tests suggest that the system as a whole is able to withstand both the already weak baseline macro outlook and the phase-in of Basel III requirements |
| Notes |
Title from PDF title page (IMF Web site, viewed Oct. 1, 2013) |
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"Prepared by: Monetary and Capital Markets Department." |
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"September 2013." |
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"September 6, 2013"--Page 2 of pdf |
| Subject |
International Monetary Fund -- Italy
|
| SUBJECT |
International Monetary Fund fast |
| Subject |
Finance -- Italy -- Evaluation
|
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Banks and banking -- Italy -- Evaluation
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Financial risk -- Italy
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Banks and banking -- Evaluation
|
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Finance -- Evaluation
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Financial risk
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Italy
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| Form |
Electronic book
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| Author |
International Monetary Fund. Monetary and Capital Markets Department.
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| ISBN |
1484327861 |
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9781484327869 |
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