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Banking crises

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  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 Italy bring forward the application of the bail-in provision when the four banks were put into resolution in November 2015? html Italy took advantage of an option offered by the BRRD to postpone the entry into force of the bail-in provision to 2016. This meant that it was possible to apply only the burden sharing system to the four banks put into resolution in November 2015 –...Publish date:5 giugno 2017
  5. Non-performing loans (NPLs) in Italy's banking system html Overview Non-performing loans (NPLs) are exposures to debtors who are no longer able to meet all or part of their contractual obligations because their economic and financial circumstances have deteriorated. The deep and prolonged recession that has hit ...Publish date:5 giugno 2017
  6. 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
  7. 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
  8. Questions and answers on the solution of the crises at the four banks under resolution html 1. Was there any delay in placing the banks under special administration? The Bank of Italy carries out continuous supervisory action on the basis of the powers delegated to it by law. The conditions necessary to place a bank under special administration ...Publish date:30 gennaio 2016