Pietro Gugliotta

Pietro Gugliotta

Head of the Financial Intermediaries Conduct Supervision Directorate

He graduated in Law with a thesis in Political Economy from the University of Catania in 1987 and has been a qualified lawyer since 1990. He earned a Master's degree in Economic Development of the Advanced Service Sector organized by Unioncamere at the Tagliacarne Institute, and a Certificate in Financial Asset Management and Engineering from the Swiss Finance Institute in Lausanne. He also completed training and study programs at the London School of Economics and at the Moody's Credit Risk Academy on structured credit products and on alternative investments

After working as a contract researcher at the University of Catania and in a law firm, he joined Banca d'Italia in 1992. He began his career within the Banca d'Italia's branch network, where he performed off-site and on-site banking supervision and economic research, contributing to the drafting of the Regional Economic Report.

In 1995, he was assigned to the Supervision Inspectorate. He was responsible for inspections at major banking groups in Italy and abroad and led inspections for the prudential validation of banks' internal models for measuring credit and market risks. He performed reviews of reports regarding critical situations and participated in the comprehensive assessment prior to the establishment of the SSM (Single Supervisory Mechanism), leading one of the teams in charge of the asset quality review. Following the creation of the SSM, he conducted inspections on behalf of the ECB at major European groups. He served as a technical consultant for the Prosecutor's Office of the Court of Auditors regarding derivative financial products.

In the mid-2000s, he participated in the work of the Committee of European Banking Supervisors (CEBS) as an expert on credit risk and contributed to the drafting of regulations for the national implementation of the Basel 2 Accord; in 2007, he co-coordinated the drafting of the on-site supervision guidelines. He has overseen internal and external training initiatives, served as a speaker at academic and institutional seminars and conferences.

Since 2020, he has been the Deputy Head of the Banking Supervision Department 2, dealing, among other things, with the management of banking crises, the enhancement of supervisory analysis and intervention tools, and ESG issues. He also participated in the work of the Senior Management Network, composed of representatives from the European Central Bank and the competent authorities for the supervision of "less significant" banks.

In May 2026 he was appointed Head of the Banks and other Financial Intermediaries Conduct Supervision Directorate.