To modernize the Italian banking system, the Bank of Italy has been stimulating internal competition through a broad deregulation of the industry.

Backed by the 1990 Amato banking legislation, the central bank has also been promoting concentrations within the highly fragmented and regionalized banking sector, made up of about 1,085 institutions -- twice many as the European average.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.