The official site of Italy's central bank

Central Bank Operations Department

Head - Livio Tornetta

Within the ESCB and in collaboration with the ECB, the department carries out monetary policy operations for the management of liquidity in the euro area and intervenes in the foreign exchange market.

It analyses systemic risks and examines operations serving to provide extraordinary liquidity support in the event of financial crises.

It follows the performance of the euro money and government securities markets, the foreign exchange market and the market for liquidity.

It assesses and manages collateral received from counterparties in monetary policy operations and transactions of an extraordinary nature.

It manages aspects of the public debt that fall within its scope and liaises with the Ministry for the Economy and Finance.

• Rules of conduct pdf 55 kB

• Internal control system pdf 50 kB