2009-08-25
Added · Updated
The Bank of Italy issued a communication on August 3, 2009, establishing the prudential treatment for exposures guaranteed by the SME Guarantee Fund and assisted by the State's last resort guarantee under Article 11 of Decree-Law 185/2008. Banks and intermediaries may apply favorable risk-weighting factors associated with the Italian State or substitute default probabilities with those of the State for capital requirement calculations, provided the guarantees meet specific criteria of irrevocability and coverage. This favorable treatment applies to interventions approved after the entry into force of the implementing Ministerial Decree of March 25, 2009, and excludes subsidiary counter-guarantees that do not meet personal protection requirements.
Get BOI alerts — same-day email on every new publication.
Supervisory Bulletin
Number 8 - August 2009
_____________________________________________________________________________________________ Monthly Publication - Authorization of the Court of Rome n. 27 - Responsible Editor: Dr. Vittorio Tusini Cottafavi
— III —
INDEX –––––––
PART ONE
GENERAL MEASURES OF THE CREDIT AUTHORITIES
I – BANK OF ITALY
Read the rest free
Source: Banca d'Italia — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works
More like this from BOI
We email you every new BOI publication the day it's published.