Supervision: what it is and how it works
The Bank of Italy supervises banks and non-banking intermediaries entered in specific registers. Since November 2014 this supervision has been conducted within the framework of the Single Supervisory Mechanism.
Supervisory activities are carried out by the Directorate General for Financial Supervision and Regulation at the Bank of Italy's Head Office in Rome and by its branch network.
In addition to on- and off-site inspections to verify compliance with the requirements for engaging in banking and financial activities, the Bank of Italy's supervisory action extends toactivities include the adoption of administrative measures. The most important measures involving banks are authorizations, sanctions, and those relating to the management of problematic situations.
As national supervisor, the Bank of Italy also provides services directly to the public: it handles complaints, runs the technical secretariats for the Banking and Financial Ombudsman, promotes financial education and publishes information on individuals or companies not authorized to carry out banking or financial activities in Italy and other more general notices and communications. It also conducts analyses on the banking and financial system.
The Bank of Italy reports on its supervisory procedures and informs the public of the most important banking and financial issues through a variety of forums and channels, including the Annual Report and the Report on Operations and Activities of the Bank of Italy.
The Bank of Italy's supervisory powers have their legal basis in a regulatory framework that encompasses international, European Union and national laws.
- 28 December 2017 - Occasional Papers No. 417 - Risks and challenges of complex financial instruments: an analysis of SSM banks.
- 24 November 2017 - Financial Stability Report No. 2 - 2017
- 14 November 2017 - New Note on Financial Stability and Supervision
No. 11 - Bad loan recovery rates in 2016. This note updates the bad loan recovery rates estimated in Notes on Financial Stability and Supervision, No. 7, and provides a comparative analysis of the characteristics of closed bad loan positions relative to stocks outstanding at the end of 2016.
- 23 September 2017 - Salvatore Rossi's speech on 'Ideas for the future of the Italian financial system'
Salvatore Rossi, Senior Deputy Governor of the Bank of Italy and President of IVASS, spoke today at the closing of the 31st Adolfo Beria di Argentine Conference on 'Italy's banks in the new European system: positives and negatives'.