Eleven months after the deadline, in November 2015, Italy implemented the Bank Recovery and Resolution Directive. The detailed structure of the Directive drove most of the choices, but the Italian implementing acts are overall clearer than the Directive, especially in outlining the sequence of decisions that the competent authorities and the resolution authorities have to take with respect to a bank that is failing or likely to fail. Less than a week after their enactment, the new rules were applied to resolve four regional banks that until then had been under temporary administration. Although the resolution has been carried swiftly and in accordance with the principles of the Directive, this apparently minor case shows two lessons: that almost all banking crises will be handled with the new rules, liquidation being confined to micro-banks, and that the practical challenges of resolution actions are enormous.

中文翻译：

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BRRD在意大利的实施及其首次测试：政策含义

在截止日期后的11个月（即2015年11月），意大利实施了《银行恢复与解决指令》。指令的详细结构驱动了大多数选择，但意大利的实施法案总体上比指令更为明确，特别是在概述主管当局和解决机构必须针对破产银行做出的决定顺序时或可能失败。颁布不到一周的时间，新规则就被用来解决四家区域银行，这些银行在那之前一直处于临时管理之下。尽管该决议是根据《指令》的原则迅速进行的，但这个显然不重要的案例显示了两个教训：几乎所有的银行危机都将通过新规则来解决，清算仅限于微型银行，