The Bank of Italy, acting as the National Resolution Authority, has published the 2025 Annual Report of the National Resolution Fund, including the balance sheet, profit and loss account, statement of changes in the endowment fund, notes to the accounts and report on operations and activities, with the Fund’s accounts prepared separately from the Bank of Italy’s own capital under presentation and valuation principles consistent with the Italian Civil Code and published under amended Bank of Italy measures that moved the reporting deadline to April.