In order to make such an assessment, it is necessary to distinguish well between what can be called the physiology, pathology and grey area of finance, as well as between its internal and international aspects.
It is then that one cannot fail to understand and reject proposals for regulation on the international front and for the control of absolutely and unpredictably frenetic, peregrine and iniquitous behaviours of finance and the economy – such as the well-known Tobin Tax (see the corresponding Example Sheet: § 5.2) or similar forms of some deterrent (the so-called grains of sand) which are proposed for the national financial market. Otherwise, these behaviors will not be able to avoid determining those heavy distortions and inefficiencies that have been briefly outlined here.
In order to transform deposits into credits, banks must transform partially short term deposits into medium and long term credits, and they must transform the different attitudes towards risk on the part of their creditors and their debtors, keeping them together on their balance sheet.
Foi bank of italy
Refining stock valuation models helps in the diagnosis and solution of the problems of undercapitalized banks. Apparently decisive remedies may prove impracticable. Rigorous analysis can help determine their ineffectiveness in advance. The models also help to estimate the relationship between costs and benefits of interventions that make use of public and consortium funds, highlighting the redistribution of value among the players involved.
Source: Our calculations based on stock market prices and balance sheet data, source Thomson Reuters-Eikon. The sample includes: Banca popolare dell’Emilia Romagna, Banca Popolare di Sondrio, Banca popolare di Milano, Cassa di Risparmio di Genova, Credito Emiliano, Credito Valtellinese, Intesa Sanpaolo, Monte dei Paschi di Siena, UBI Banca, Unicredit. Banks (such as Banca Mediolanum, Mediobanca and Fineco Bank) oriented towards investment services and asset management were excluded.
In April and June 2016, the operations of two unlisted institutions, Banca popolare di Vicenza and Veneto Banca, both of which were transformed into SpAs in order to access a stock market listing, were unsuccessful. The newly issued shares were almost fully subscribed by Fondo Atlante , a closed-end fund specifically set up on the initiative of the major banking groups, at a price in both cases of €0.10 per share. In the previous capital increases carried out in 2014, the placement price of the newly issued shares was 62.5 and 36 euros, respectively .
CHAIRMAN. The next item is Communication from the President regarding the questionnaire sent to the Banks on the application of the regulations as per Decree-Laws nos. 18/2020 and 23/2020 regarding the banking system.
For the Savings Banks of the Autonomous Province of Bozen/Bolzano, by virtue of their regulatory autonomy and the Memorandum of Understanding of the Provincial Government of South Tyrol with the South Tyrolean banks, different regulations have been applied; for this reason, the measures pursuant to Decree-Laws 18 and 23 of 2020 have generally not been applied; in some cases, the relative data on the application of the so-called “South Tyrol Package” have been provided.
– requests for loan moratoria for real estate mortgages (Gasparrini Fund) and consumer credit (Question 8); Page 4 – use of the forms prepared by the Task Force between MEF, Bank of Italy, ABI, MCC, SACE and MISE and self-certification (Questions 9 and 10).
– for Intesa Sanpaolo, out of 149,858 applications submitted, 44,492 were disbursed – we are talking about applications under 25,000 euros – by virtue of a specific procedure that precedes the disbursement with respect to the sending of the application for coverage to the Guarantee Fund. The average processing time was 7 calendar days;
Circolare 288 banca d’italia
Una volta verificato l’arrivo dei fondi sul proprio conto, Monte Titoli procede, alla chiusura del ciclo di liquidazione della data di pagamento antergata5 , al trasferimento degli importi dovuti agli Intermediari
Verificato l’arrivo dei fondi sul proprio conto, Monte Titoli Titoli procede, alla chiusura del ciclo di liquidazione della data di pagamento anticipata5 , al trasferimento degli importi dovuti all’Intermediario
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