This is a delicate process, requiring a balanced and pragmatic approach. The Bank of Italy has stepped up the activity it performs in the colleges of supervisors. In addition to validating internal risk-measurement systems, the colleges’ activities have gradually – and not without difficulty – been extended to broader issues, concerned with the very stability of cross-border banking groups. 5.
The lowest sub-State administrative level in the country is the district which plays a critical role in the outcomes of the government programmes and interventions. Large number of monitoring studies, evaluations, and research have found that the outcomes have large variations across States and even across districts in the same State.