The National Resolution Fund was established by the Bank of Italy pursuant to Article 78 of Legislative Decree 180/2015.
Governed by Title V of Legislative Decree 180/2015, the Fund aims to enable the Bank of Italy, in its capacity as a National Resolution Authority, to achieve the resolution objectives as set out in Article 21 of Legislative Decree 180/2015, in compliance with the principles established in Article 22 of the same Decree.
The Fund has independent assets, completely separate from those of the Bank of Italy and from any other assets managed by the Bank, as well as from those of any entity that provided resources to the Fund itself.
An annual report is drawn up for the Fund and it is published by April 30th of the following year of the report.