Italian banks have held. In spite of the serious difficulties of the institutions, medium and large, the crisis was not systemic. The Governor of the bank of Italy, Ignazio Visco, spoke in Milan at the Bocconi University at the Lesson, Giorgio Ambrosoli, on civil society, the economy and the risk of crime, he returns to photograph the state of the Italian financial system. The lights and the shadows. Some of the crisis is important , he recalled Visco showed “overall, a substantial capacity of the estate, and not contrary to what is feared a crisis of a systemic nature”.
the Most growth, and aggregation to relaunch credit
An eye on the scenario, to the “difficulty of individual intermediaries,” he added, Visco – that remain confined”. However, he explained, the Governor “their seriousness’ is not to be inimizzata, and they are the object of careful scrutiny. In most cases, “he added, Visco – the impact of the crisis has been strengthened by fraud and grossly unfair”.
The governor of the bank of Italy has reported also that in the last four year the institute of via Nazionale, in the context of the “fundamental” cooperation with other institutions, has “forwarded to the authorities investigating more than 800 reports”. Visco recalled that the “communications and requests for information received in the context of judicial proceedings have been nearly 2 thousand”. At the same time, he continued to Visco, “the reports of the experts and the expertise provided by the employees of the Institute to the judiciary in the context of proceedings in course were 270, they should be added to those worked by employees on a continuous basis to the nuclei created in Milan and Rome, which actively collaborate with the respective powers of Attorney”.
Mps, Padoan: line prudent respecting the market
go up in 2016, reports suspicious transactions
Grows the number of reports banking transactions as suspicious. “Thanks to the intense action of the financial intelligence Unit (Fiu), and the Supervision of the Bank of Italy, there has been an accession growing in the banking system to the requests of the rise of the garrisons and of active cooperation,” said the governor. “The number of reports to the Fiu of suspicious transactions increased from approximately 72,000 in 2014 82.500 in 2015, and around 100,000 in the estimates for the current year”.
Banks, in times of crisis, vigilance is strict
The Governor has also recalled how important it is in this phase, the activity of supervision. “In times of crisis,” he explained, when the resources generated by current operations reduce and the risks increase, the tensions become more acute and the incentives to pursue particular interests, even in an illicit manner, it becomes more difficult to counter. For these reasons, and because the activity of the banks has direct consequences in terms of the stability of the financial system as a whole, it is subject to a supervisory regime strict”.
The developments, also technological, financial and banking system, “raise the need for a strengthening of the rules relating to the protection of customers and the related control activities, and prevention,” urged the Governor.
Visco: the recovery is there but it is slow
Bankers responsible for business decisions
“The action of supervision, however, has clarified Visco at Bocconi university in milan – may not get to take the place of the business decisions, which remain under the responsibility of the bankers” . Also, if there are presuppositions of the law, “the Supervision may remove the members of the company, but that does not change in a short time the environmental context”. The governor recalled how “in more serious cases, the management of large exposures was the personal prerogative of the top management of the company; has not, therefore, adequately balanced by the counterweights and by the dialectics of internal control”.
“Such cases, he explained, Visco – brought to light by the inspection activities of the Bank of Italy and promptly disclosed, in the required reserve, and to the judicial authorities,
have highlighted a vicious circle of mingling of interests between bank officials and customers financed, often concealed through the use of company”. But he added Visco “to the decay of the technical profiles and the removal of the charge of irregular conduct, as determined by the intervention of the Supervision, do not always have been followed by initiatives restructuring”.
© Reproduction reserved
No comments:
Post a Comment