On top of this, banks that already meet the minimum bail-inable debt requirement may adjust their liability structure to incorporate a larger fraction of deposits. Third, to assess the overall impact of bail-in rules on bank funding, we have to consider their interaction with other initiatives in the field of regulation. Let me give me two examples.
These numbers are still far below the peaks registered in the early 1990s, but they could cause concern if set against those of other advanced economies. But international comparisons are difficult. The accounting criteria used by banks in Italy to classify loans as impaired are dictated by particularly severe prudential rules.