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From these 35 words, as many per round as you like — up to all of them: first what is due today, then new ones. First you choose, then you fill the gap, then you write it yourself. Mistakes come back again shortly.
More about this list The twenty-third entry is l’unione bancaria , and the noun inside it has a relative on the vegetable shelf. Latin unio was built on unus , one, and meant oneness; Roman writers also used it for the bulb that grows as a single ball instead of splitting into cloves the way garlic does. The learned sense travelled through Old French into English as « union », the kitchen sense came through Norman French as « onion », and the two have sat side by side for centuries without anybody noticing they are the same word. Italian took only the first of them: l’unione is the joining, and the vegetable is la cipolla , from another Latin word altogether, cepulla . There is a trap running the other way too. An English reader who meets l’unione may hear a trade union in it, because in Britain « the union » usually means the body that bargains over wages. Italian never uses the word that way: that body is il sindacato , and l’unione stays with states, banks and marriages.
The words
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Adjective (3)
Grammar for these: Adjective agreement · Where the adjective stands
sistemico systemic Adjective C2 Una banca sistemica non sparisce senza danni intorno. A systemic bank never disappears without damage around it.
prudenziale prudential Adjective C2 Il trattamento prudenziale è più severo di quello contabile. Prudential treatment is stricter than accounting treatment.
macroprudenziale macroprudential Adjective C2 La misura macroprudenziale guarda al sistema, non alla singola banca. A macroprudential measure looks at the system, not at the single bank.
Phrase (1)
onorabile e competente fit and proper Phrase C2 Chi siede nel consiglio deve essere onorabile e competente. Anyone sitting on the board has to be fit and proper.
Noun (f) (14)
Grammar for these: Definite article: il, lo, la · Indefinite article: un, uno
l’autorità di vigilanza the supervisory authority Noun (f) C2 L’autorità di vigilanza chiede i dati ogni trimestre. The supervisory authority asks for the figures every quarter.
la ponderazione del rischio the risk weight Noun (f) C2 La ponderazione del rischio decide quanto capitale serve. The risk weight decides how much capital is needed.
la riserva di liquidità the liquidity buffer Noun (f) C2 La riserva di liquidità copre un mese difficile. The liquidity buffer covers one difficult month.
la prova di stress the stress test Noun (f) C2 La prova di stress immagina uno scenario molto duro. The stress test assumes a very harsh scenario.
la garanzia dei depositi the deposit guarantee Noun (f) C2 La garanzia dei depositi protegge i piccoli risparmiatori. The deposit guarantee protects small savers.
l’ispezione in loco the on-site inspection Noun (f) C2 L’ispezione in loco dura settimane. The on-site inspection goes on for weeks.
la revoca della licenza the withdrawal of the licence Noun (f) C2 La revoca della licenza è l’ultima mossa. The withdrawal of the licence is the last move of all.
la vigilanza consolidata consolidated supervision Noun (f) C2 La vigilanza consolidata guarda al gruppo intero. Consolidated supervision looks at the whole group.
l’unione bancaria the banking union Noun (f) C2 L’unione bancaria ha spostato la vigilanza più in alto. The banking union has moved supervision further up.
la garanzia implicita the implicit guarantee Noun (f) C2 La garanzia implicita non è scritta da nessuna parte. The implicit guarantee is written down nowhere.
la riserva anticiclica the countercyclical buffer Noun (f) C2 La riserva anticiclica si accumula nei tempi buoni. The countercyclical buffer is built up in the good years.
l’aspettativa di vigilanza the supervisory expectation Noun (f) C2 L’aspettativa di vigilanza non è una legge, ma pesa. A supervisory expectation is not a law, but it carries weight.
la violazione del requisito the breach of the requirement Noun (f) C2 La violazione del requisito fa scattare una procedura. The breach of the requirement sets a procedure going.
la sanzione the penalty Noun (f) C2 La sanzione arriva dopo il contraddittorio. The penalty comes after the hearing.
Noun (m) (17)
Grammar for these: Definite article: il, lo, la · Indefinite article: un, uno
il requisito patrimoniale the capital requirement Noun (m) C2 Il requisito patrimoniale sale insieme al rischio. The capital requirement rises along with the risk.
il coefficiente di leva finanziaria the leverage ratio Noun (m) C2 Il coefficiente di leva finanziaria non guarda al rischio. The leverage ratio does not look at risk at all.
il piano di risoluzione the resolution plan Noun (m) C2 Ogni banca grande prepara un piano di risoluzione. Every large bank draws up a resolution plan.
il processo di revisione prudenziale the supervisory review process Noun (m) C2 Il processo di revisione prudenziale si chiude con una lettera. The supervisory review process ends with a letter.
i fondi propri own funds Noun (m) C2 I fondi propri sono la prima difesa contro le perdite. Own funds are the first defence against losses.
il requisito di riserva the buffer requirement Noun (m) C2 Il requisito di riserva si somma a quello minimo. The buffer requirement is added on top of the minimum one.
l’intervento precoce early intervention Noun (m) C2 L’intervento precoce arriva prima del dissesto. Early intervention comes before the bank is in real trouble.
il requisito di governo societario the governance requirement Noun (m) C2 Il requisito di governo societario riguarda anche i verbali. The governance requirement covers the minutes as well.
il modello interno the internal model Noun (m) C2 Il modello interno va approvato prima dell’uso. The internal model has to be approved before it is used.
l’obbligo di segnalazione all’autorità the duty to report to the authority Noun (m) C2 L’obbligo di segnalazione all’autorità vale anche nei mesi tranquilli. The duty to report to the authority holds in quiet months too.
l’obbligo di informativa the disclosure obligation Noun (m) C2 L’obbligo di informativa rende pubblici i conti. The disclosure obligation makes the accounts public.
il meccanismo di vigilanza unico the single supervisory mechanism Noun (m) C2 Il meccanismo di vigilanza unico riunisce più paesi. The single supervisory mechanism brings several countries together.
il piano di risanamento the recovery plan Noun (m) C2 Il piano di risanamento lo scrive la banca stessa. The recovery plan is written by the bank itself.
il salvataggio interno the bail-in Noun (m) C2 Il salvataggio interno colpisce prima gli azionisti. The bail-in hits the shareholders first.
l’assorbimento delle perdite loss absorption Noun (m) C2 L’assorbimento delle perdite segue un ordine preciso. Loss absorption follows a fixed order.
il sistema bancario ombra shadow banking Noun (m) C2 Il sistema bancario ombra fa credito senza essere una banca. Shadow banking lends money without being a bank.
l’esame della qualità degli attivi the asset quality review Noun (m) C2 L’esame della qualità degli attivi ha trovato crediti valutati troppo bene. The asset quality review found loans valued far too kindly.
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