Titlebook: Banking Crises in Italy; An Application and E Giuseppe Boccuzzi Book 2022 The Editor(s) (if applicable) and The Author(s), under exclusive

Pedagogy

Budget

The Overall Picture. System Weaknesses and Individual Problemss model, did not hold in their balance sheets the risky derivative products and other toxic assets which resulted in huge losses and the collapse of major banks in the United States and Europe. However, problems subsequently arose, in particular in the period 2014–2020, due to the interaction of a s

Insensate

The Tercas Case: A Watershed’s negative assessment of the preventive intervention carried out by the FITD, for alleged infringement of State aid rules. The issues raised by this case are still debated due to their many legal and institutional implications. The issue has definitely been resolved in favour of the Italian parties

Lyme-disease

The first application of the BRRD: the case of the four banks in resolutiones by the FITD were at an advanced stage. However, the realisation of these initiatives was prevented by an intervention of the European Commission, based on State aid rules. The Commission stated that the FITD’s preventive intervention would not have been possible under the new European regulatory

反应

Two Types of Public Intervention: Orderly Liquidation and Precautionary Recapitalisatione required amount of solvency funding. The first case concerned the two Veneto banks: Veneto Banca and Banca Popolare di Vicenza. Since these banks did not meet the public interest condition for recourse to the resolution procedure, they were placed under compulsory administrative liquidation, accom

Aboveboard

decode

The FITD’s Preventive and Alternative Measuresy are alternative to the reimbursement of depositors (payout) and the financing of resolution. The directive leaves to Member States the choice of whether to introduce these measures in their legislations. The national law transposing the directive allows implementation of these two types of measure

手段

哭得清醒了

The Debate on the Harmonisation of the Insolvency Framework in Europeifferent. Therefore, distortions in crises management may arise, especially for cross-border banking groups. There is currently a debate on the establishment of a harmonised insolvency framework in Europe, according to a special administrative model, which could lead to an EU liquidation procedure,

Kaleidoscope

Who Gets the Bill in a Crisis?tructuring operations or transfer the insolvent bank. Financial needs may vary according to whether the aim of the intervention is to re-establish the bank’s liquidity or its solvency position. In solvency funding, the legislation provides for the participation of shareholders and creditors in cover