Within an environment made difficult by the continuing economic crisis,
the Italian model for crisis management and resolution has helped to
avoid many difficulties faced by intermediaries across the globe.
However, the Italian model for crisis management will be forced to adapt
to the new EU Bank Recovery and Resolution Directive, which introduces a
unified regime for such events in all EU countries. This book explores
the various methods for crisis management employed in Italian finance.
The authors discuss procedures used in the banking and insurance
sectors, such as deposit guarantee schemes and alternative dispute
resolution systems. They also explore the evolution of the
administrative sanctioning systems, and the roles of tax rules and
credit rating agencies in Italian finance. This book analyses the
evolution of the various crisis management processes, and discusses
potential goals and improvements within the context of recent measures
suggested by the European Commission.