2006-12-27
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No. 263 on December 27, 2006, establishing comprehensive prudential supervision rules for banks, which was subsequently repealed on March 2, 2012.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.
REPEALED
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
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.
Cookie Policy: The Bank of Italy uses technical cookies necessary for the operation of the site and third-party cookies: for more information and to know how to enable them selectively, read the Privacy Policy. Use one of the following buttons to express your preference. If you click on the X in the top right corner or on the "Close/Reject all unnecessary cookies" button, only the internal technical cookies of the site will be activated.
go to english version
About this site's cookies: The Bank of Italy uses technical and third-party cookies for the operation of the site: for more information and to know how to selectively enable cookies, read the Privacy Policy. Click on one of the buttons below to express your preference. If you click "Close/Reject all cookies", only the internal technical cookies of the site will be activated.
read the Italian version