It is expected that the long timeframe, up to March 2018, to phase in Basel III capital requirements will allow banks to make a smooth and non-disruptive transition. 2nd issue: shadow banking – extending the perimeter of regulation What have we learnt? The crisis has demonstrated how shadow banking can destabilize the financial system reinforcing the need to more effectively regulate it.
The characteristics of the Italian market and the payment habits of the population reflect the structural characteristics of the productive system, such as the limited use of more advanced means of communication, the small average size of commercial firms, and the rigidity in the supply of innovative services.