The official site of Italy's central bank

White Paper on Payment System Oversight. Objectives, Methods, Areas of Interest (1999)

This paper sets out the specific features of the payment system oversight function – formally assigned to Bank of Italy by the 1993 Banking Law (Article 146) – and describes the conduct that the overseer expects from participants in certain areas of payment activity, in the light of the public interests in the payment system, the main economic factors behind the decisions of intermediaries and the possible market failures.