Procedures for executing a bail-in in Italian post-trade systems

As the Italian resolution authority, Banca d'Italia promoted the establishment of a Task Force to analyse the impact of a potential bail-in order on Italian post-trading procedures and to define the roles, timelines and operational steps for executing bail-ins in the central depository and securities settlement systems.

When the work was completed, which involved the Italian central securities depository, Monte Titoli - Euronext Securities Milan, and the industry, including ABI and ASSOSIM, and in which Banca d'Italia and Consob took part as observers, the Task Force drafted a Report, which is also available on the Monte Titoli - Euronext Securities Milan website.