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Resolutions adopted by the Interministerial Committee for Credit and Savings

This section contains the resolutions adopted by the Interministerial Committee for Credit and Savings (the Credit Committee) and the urgent decrees issued by the Minister for the Economy and Finance, the Chairman of the Credit Committee.

Under Article 2 of the Consolidated Law on Banking, the Credit Committee is the highest supervisory authority for credit and the protection of savings. It decides on matters assigned to it by the Consolidated Law on Banking and other laws.

The Credit Committee is composed of the Minister for the Economy and Finance, who is its Chairman, the Minister for Agricultural, Food and Forestry Policies, the Minister for Economic Development, the Minister for Infrastructure and Transport and the Minister for European Policies.

Meetings of the Committee are attended by the Governor of the Bank of Italy. The Chairman may invite other ministers to attend individual meetings for the purpose of consultation.

For the same purpose, the Chairman may invite the presidents of other competent authorities to participate in individual meetings that address issues related to the fields for which they have statutory responsibility that regard the overall stability, transparency and efficiency of the financial system.

Pursuant to Article 3(2) of the Consolidated Law on Banking, as a matter of urgency the Minister for the Economy and Finance may act in place of the Credit Committee. Notice of the measures adopted in such cases is given to the Credit Committee at its next meeting.

Pursuant to Article 4(1) of the Consolidated Law on Banking, in the performance of its supervisory functions the Bank of Italy formulates proposals for resolutions within the scope of the authority of the Credit Committee.