Within an environment made difficult by the continuing economic
crisis, the Italian model for crisis management and resolution has
helped to avoid many difficulties faced by intermediaries across
the globe. However, the Italian model for crisis management will be
forced to adapt to the new EU Bank Recovery and Resolution
Directive, which introduces a unified regime for such events in all
EU countries. This book explores the various methods for crisis
management employed in Italian finance. The authors discuss
procedures used in the banking and insurance sectors, such as
deposit guarantee schemes and alternative dispute resolution
systems. They also explore the evolution of the administrative
sanctioning systems, and the roles of tax rules and credit rating
agencies in Italian finance. This book analyses the evolution of
the various crisis management processes, and discusses potential
goals and improvements within the context of recent measures
suggested by the European Commission.
General
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