The official site of Italy's central bank

Risk Management Department

Head - Cosma Onorio Gelsomino

The department is responsible for assessing and controlling the financial and operational risks associated with the financial and real-estate investments of the Bank's capital, foreign exchange reserves, supplementary pension fund and other euro and foreign currency portfolios.

It monitors decisions regarding the strategic allocation and tactical management of the Bank's portfolios and the supplementary pension fund.

It examines the methods of assessing and controlling financial risks, measures the degree of risk present in the Bank's portfolios and checks compliance with the limits imposed on their management.

It oversees the management of the Bank's equity holdings, including their risk profile.

It is also responsible for assessing the risks associated with assets provided as collateral for financing transactions.