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Cleaning-up Bank Balance Sheets: Economic, Legal, and Supervisory Measures for Italy
Author:
Jose M Garrido null

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,
Emanuel Kopp
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Miss Anke Weber
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Series:
IMF Working Papers
Volume/Issue:
Volume 2016: Issue 135
Language:
English
Publication Date:
11 Jul 2016
DOI:
https://doi.org/10.5089/9781498357036.001
ISBN:
9781498357036
ISSN:
1018-5941
Pages:
33
Keywords:
WP; procedure; bank; security interest; Nonperforming loans; corporate restructuring; asset management companies; enforcement method; default probability; securitization transaction; NPL ratio; bank financing; asset quality; Banca delle Marche; NPL write-off; NPL problem; management experience; econometric methodology; Distressed assets; Loans; Solvency; Debt restructuring; Eastern Europe; Global
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
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To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets, and facilitating bank consolidation. This paper examines the Italian banking system’s NPL problem, which ties up capital, weighing on bank profitability and authorities’ economic reforms. It argues for a comprehensive approach, encompassing economic, supervisory, and legal measures. The authorities’ reforms are important steps toward this end. The paper describes measures that could further support their actions.
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Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund