Regulatory Alerts1995-04-22
CICR and Emergency DM Deliberation - Deliberation of 22 April 1995
The Interministerial Committee for Credit and Savings (CICR) issued a deliberation on 22 April 1995 to redefine the regulatory framework governing banks' real estate investments in compliance with Legislative Decree No. 385/1993. The document mandates that the total value of banks' real estate and equity investments must not exceed their supervisory capital, while granting the Bank of Italy the authority to impose stricter limits or allow exceptions for credit protection purposes. Additionally, the deliberation revokes several prior provisions regarding pension fund investments and instructs the Bank of Italy to issue implementing guidelines.
Share