2006-12-27

Prudential Supervision Rules for Banks - Circular No. 263 of December 27, 2006

The Bank of Italy issued Circular No. 263 on December 27, 2006, establishing comprehensive prudential supervision rules for banks, which was subsequently repealed on March 2, 2012. The document includes a detailed history of fifteen updates addressing capital adequacy, risk management, and regulatory adjustments from 2010 to 2013. It also specifies the recognition criteria for credit ratings from major agencies like Fitch, Moody's, and S&P within the standardized approach framework.

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Prudential Supervision Rules for Banks

REPEALED

Text of the Circular

02 March 2012

Full Text

PDF 2 MB

(as of 29 May 2012)

24 June 2020

Annotated Full Version for Informational Purposes Only

PDF 4 MB

(as of 5 October 2015)

03 July 2013

Update No. 15 of 2 July 2013

PDF 634 KB

Text of the update

24 January 2014

Update No. 15 of 2 July 2013

PDF 37 KB

Summary for Users

29 May 2013

Clarifications on the adjustment of initial capital in pending proceedings

PDF 24 KB

29 April 2013

Update No. 14 of 23 April 2013 (effective from 29 April 2013)

PDF 279 KB

Text of the update

30 May 2012

Update No. 13 of 29 May 2012

PDF 156 KB

Text of the update

09 May 2012

Update No. 12 of 8 May 2012 (effective from 13 May 2012)

PDF 211 KB

Text of the update

31 January 2012

Update No. 11 of 31 January 2012

PDF 563 KB

Text of the update

01 February 2011

Update No. 10 of 21 December 2011

PDF 2 MB

Text of the update

14 December 2011

Update No. 9 of 12 December 2011 (provisions have different effective dates)

PDF 687 KB

Text of the update

22 November 2011

Update No. 8 of 18 November 2011 (effective from 31 December 2011)

PDF 2 MB

Text of the update

01 February 2011

Update No. 7 of 28 January 2011

PDF 671 KB

Text of the update

30 December 2010

Update No. 6 of 27 December 2010

PDF 1005 KB

Text of the update

28 December 2010

Update No. 5 of 22 December 2010

PDF 1 MB

Text of the update

17 December 2010

Update No. 4 of 13 December 2010

PDF 501 KB

Text of the update

28 November 2014

18 May 2010 - Supervisory Capital: Prudential Filters

PDF 24 KB

Not applicable from 1 January 2014 to banks authorized in Italy, banking groups, reference undertakings, and sub-consolidating components of the group

02 April 2008

Update No. 3 of 15 January 2009

PDF 745 KB

Text of the update

In-depth Section

Publication Date: 30 December 2013

Fitch Ratings pdf 59 KB

Solicited credit ratings issued by Fitch Ratings (and its subsidiaries) are recognized for all sectors provided for under the standardized approach and for positions towards securitizations; limited to the "public finance" sector (central governments and central banks, public sector entities, territorial entities, multilateral development banks), unsolicited ratings are also recognized.

Publication Date: 30 December 2013

Moody's Investors Service pdf 60 KB

Solicited credit ratings issued by Moody's Investors Service (and its subsidiaries) are recognized for all sectors provided for under the standardized approach and for positions towards securitizations; limited to the "public finance" sector (central governments and central banks, public sector entities, territorial entities, multilateral development banks), unsolicited ratings are also recognized.

Publication Date: 24 October 2014

Standard & Poor's Rating Services pdf 61 KB

Solicited credit ratings issued by Standard & Poor's Rating Services (and its subsidiaries) are recognized for all sectors provided for under the standardized approach and for positions towards securitizations; limited to the "public finance" sector (central governments and central banks, public sector entities, territorial entities, multilateral development banks), unsolicited ratings are also recognized.

Publication Date: 30 December 2013

Cerved Group pdf 58 KB

Unsolicited credit ratings of Cerved Group (formerly Lince), the only ones issued by the company, are recognized for the "enterprises and other subjects" sector within the standardized approach.

Publication Date: 30 December 2013

DBRS Ratings Limited pdf 16 KB

Solicited credit ratings issued by DBRS Ratings Ltd are recognized for all sectors provided for under the standardized approach and for positions towards securitizations; limited to the "public finance" sector (central governments and central banks, public sector entities, territorial entities, multilateral development banks), unsolicited ratings are also recognized.

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