The project’s complexity has necessitated preparatory action on several fronts both within the Fund and as part of a dialogue with the Bank of Italy. The testing phase is about to begin, to devise and put in place effective organizational and operating mechanisms and efficient links with the supervisory authorities.
Once the project is fully operational, it will still require a strong commitment to ensure that its objectives are actually achieved in terms of improved crisis prevention, strengthening of the network and dissemination of best practices.