Tremonti bond and their impact on banking control rule (sono ascrivibili a E. Catelani i paragrafi 1, 2, 3 e 4)

The so-called “Tremonti bonds” are bonds issued by Italian banks having financial problems because of the late liquidity crisis; these banks must be fundamentally healthy. The bonds are bought by Italian Government to guarantee a patrimonial solidity to these subject. Tremonti bonds are an instrument that was authorized by European Union and that assumes a form of a State subsidy. It is included in the actions that all European countries have made to consolidate the patrimony of their own banks. Aim of our paper is to present this instrument, to include it in the reference act and to underline some criticalities about it