Journal of
Italian
Banking
Association

year 100
 

Archive » July - August 2016

July - August 2016

Italian banks have undergone a large change in recent years, pressed by the European regulation and by market competition spirit, facing the crisis only with private funds and without State resources.
The result of the UK referendum is affecting the euro area at a difficult time. The economic recovery has begun but is fragile. Faced with the risk that, in a highly uncertain environment...
Within a banking sector which shows solid economic fundamentals, especially if compared with those of other countries, there are few critical elements.

Banking supervision in Italy: an historical overview

Alberto Giannini, Giuseppe Gibilaro
The evolution of banking supervision in Italy, from the introduction of controls at the end of the nineteenth century until the recent establishment of the Single Supervisory Mechanism, has been characterized...
A recent Italian Decree has introduced significant changes to the tax treatment of foreign-source dividends, with particular regard to companies resident in countries with privileged tax systems.
Recent decisions of the Italian Supreme Court confirm that bank non-managing directors are not obliged to assume a full inquiry, but they have to ask for more information inside the Board in case of anomalies.
The Gianos procedure, used by more than 90% of Italian banks, is a qualified market standard in the prevention of risks associated to money laundering and financing of terrorism. During the last months...
The reverse mortgage, which allows homeowners older than 60 to convert part of the equity in their homes into cash retaining home ownership, is a well-established instrument abroad but not yet in Italy.
The listing of open-end mutual funds in Italy started in December 2014. This novelty should encourage, at least theoretically, the access of retail investors to less expensive asset management instruments.
The Italian construction sector is characterized by a high exposure to the default risk and the last real estate crisis showed the usefulness of new and more complete risk evaluation methodologies for this type of real estate firms.