A long and deep recession weighs heavily on the banking system. Recent years have also seen serious instances of malfeasance, compounded by the economic problems in themselves. We are active in countering situations of serious difficulty or crisis by means of supervision, strict enforcement of the rules, and verification of organizational adequacy, prudence in lending, and transparency and correctness in funding.
When a crisis does occur, action must be taken to resolve it and limit its repercussions. This is no easy task, it is a constant challenge, yet those episodes of malfeasance that have occurred in these difficult years came to light also thanks to the usually decisive if not always publicly known contribution of the Bank of Italy.