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Bank Industry Risk Analysis: Italy Dec 01
Standard & Poors, Dec 2001
Abstract
The Italian banking industry has been strengthened by a series of structural changes undertaken in the past decade, including consolidation; decreased state involvement; and modernization of management, internal processes and delivery channels. The system's industry risk has thus improved, and now compares well with that of the most advanced European countries. Moreover, the essentially domestic and retail nature of the Italian banking business protects it from potential turmoil in global financial markets. The system is characterized by the following: The leading role of the banks in the country's economy, which intermediate the bulk of both assets and liabilities of the financial system. The essentially retail nature of banking business. The bulk of customer base is represented by SMEs and family...
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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