21  This mandate is provided in Article 6A(2(a)) of the Central Bank Reform Act 2010. Available here: http://www.irishstatutebook.ie/2010/en/act/pub/0023/index.html. 22  Many public policies (such as micro prudential, monetary or tax policy) impact on the property market but do not constitute macro prudential policy. 23  For instance, Crowe et al.
The impact of the new Basel rules on Italian banks The Bank of Italy’s selective standards for admitting hybrid instruments in the calculation of regulatory capital have been reflected in the comparatively high quality of Italian banks’ capital, which should facilitate their adaptation to the new, stricter Basel standards.