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Bank of Italy rules to implement Capital Requirements Directive IV – consultation document on prudential supervision for banks and banking groups

On November 27, 2013 the Bank of Italy submitted for public consultation a draft circular setting forth the new prudential supervision rules ("disposizioni di vigilanza prudenziale") for banks and banking groups (the "Draft Circular"). The Draft Circular will be adopted in the framework of the future implementation in Italy of Directive no. 2013/36/EU (the "Capital Requirements Directive IV" or "CRDIV") and in connection with the application of EU regulation no. 575/2013 (the "Capital Requirements Regulation" or "CRR").

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