The official site of Italy's central bank

Money and financial markets

Supervision by the Bank of Italy concerns the markets most relevant to the implementation of monetary policy namely the:
- wholesale market for bonds and government securities;
- markets in derivatives on government securities, interest rates and exchange rates;
- systems for trading interbank deposits.

These markets are considered to be the key ones for determination of interest rates and for financial stability in the light of the nature of the trades carried out on them, their liquidity and their number of participants.