Regulatory Alerts2010-12-27
Urgent Decree of the Minister of Economy and Finance, President of the CICR, of 27 December 2010, No. 1079
The Minister of Economy and Finance, acting as President of the Interministerial Committee for Credit and Savings, issued an urgent decree establishing the criteria for the Bank of Italy to regulate exposure concentration limits for banks and banking groups. The decree mandates that exposures to single borrowers or connected client groups generally remain within 25% of regulatory capital, with specific provisions for higher limits and stricter internal controls. It also repeals the previous 1993 Treasury decree on large credit limits and empowers the Bank of Italy to define implementation rules, weighting factors, and transitional regimes.
Share