found 11 items.

1. Is it true that the cost of the crisis would have been lower if, earlier on, the Veneto banks had been placed under resolution? html Resolution action is taken only at the discretion of the Single Resolution Board (SRB), which decided that the two banks did not satisfy the requirements for such action. If the SRB had decided to launch the procedure, the entire value of the equity and ...Publish date:12 luglio 2017
2. Is it true that the solution of the crisis of the Veneto banks does not comply with EU regulations and the rules on State aid? html The procedure fully complied with the rules and procedures of the banking union and with those on State aid. Based on the European regulations underlying the Single Resolution Mechanism, if the European Central Bank concludes that a bank is ‘failing...Publish date:12 luglio 2017
3. Is it true that resolving the crisis of the Veneto banks will cost the State 17 billion? html The State’s cash injection connected to the liquidation of Veneto Banca and Banca Popolare di Vicenza totals about €4.8 billion, of which €3.5 billion to Banca Intesa Sanpaolo to cover its capital needs following the acquisition of the ...Publish date:12 luglio 2017
4. Did the Bank of Italy fine the former directors of Banca Etruria for refusing Banca Popolare di Vicenza's merger offer? html After the inspections conducted in 2013 the Bank of Italy asked the directors of Banca Etruria to adopt a number of adjustment measures and to take steps to arrange a merger with another bank that would be able to contribute the necessary capital and ...Publish date:5 giugno 2017
5. Did the Bank of Italy fail to place Banca Popolare di Vicenza promptly under special administration in 2015? html The inspection at Banca Popolare di Vicenza that began in 2015 was launched at the request of the Bank of Italy and was conducted by Bank of Italy personnel. Any subsequent decisions were not the responsibility of the Bank of Italy but of the European ...Publish date:5 giugno 2017
6. Does the Bank of Italy select the senior management at banks? html The supervisory authority – i.e. the ECB in the case of the largest banks and the Bank of Italy for the others – does not designate or choose the senior management of banks. The banks – usually the shareholders’ meeting or, in the ...Publish date:5 giugno 2017
7. Italy's less significant banks: general overview and supervision html On 30 June 2016, Italy’s less significant institutions (LSIs), directly supervised by the Bank of Italy within the framework of Europe’s Single Supervisory Mechanism (SSM), numbered 462, of which 355 were mutual cooperative banks (banche di ...Publish date:27 ottobre 2016
8. Results of the 2016 European stress test html The results of the stress test on the leading European banks, including the five largest Italian banks (UniCredit, Intesa Sanpaolo, Banca Monte dei Paschi di Siena, Banco Popolare and UBI Banca) were announced today July 29, 2016. The test, coordinated by...Publish date:29 luglio 2016
9. Technical note transmitted by the Bank of Italy to the Committee of Enquiry of the Regional Council of Veneto html This note is written in response to the requests formulated by the Committee of Enquiry set up by the Veneto Regional Council to investigate events involving the regional banking system, with special reference to Banca Popolare di Vicenza (BPV) and Veneto...Publish date:15 aprile 2016
10. Supervision by the Bank of Italy: legislative framework and action taken in relation to the four banks under resolution html Legislative framework Legislative Decree No. 385 of 1 September 1993 (the Consolidated Law on Banking) grants the Bank of Italy supervisory powers for banks, banking groups, financial companies, e-money institutions and payment service providers. These ...Publish date:30 gennaio 2016