In spite of this, the current regulatory framework calls on these banks to pay into a crisis management system from which they cannot benefit. As part of the review of EU regulations, some thought should be given to measures that respond to the needs of smaller banks, which play a key role in lending to small firms, the backbone of the Italian economy.
Crisis management In the crisis years the Bank of Italy dealt with numerous cases of banks in difficulty. Since 2011 there have been 36 special administration procedures. In 17 cases where it was not possible to find a market-based solution, the process led to the start of compulsory administrative liquidation.