Regulations and Macroprudential Analysis Directorate
The Directorate draws up proposals for the Governing Board and implements strategic guidelines on regulations, international cooperation, macroprudential analysis, balance sheets and accounting standards, and intermediaries’ statistical reporting.
It assesses the economic effects of supervisory regulations on the activity of banks, financial intermediaries, firms and the general public; it cooperates with the Resolution and Crisis Management Unit in preparing, updating, and analysing the impact of the regulations on resolution proceedings.
It develops methods and procedures for the prudential evaluation of supervised entities; it conducts cross-sectional analyses on single risk profiles, also to facilitate the comparison between homogeneous groups of supervised entities.
Number of employees: 101
Banking Supervision 1 Directorate
Within the framework of the Single Supervisory Mechanism (SSM), the Directorate analyses the technical situation of significant Italian banking groups and significant foreign banking groups operating in Italy that are subject to the direct supervision of the ECB. It contributes to their prudential review and evaluation process and helps to define the supervisory interventions; together with other authorities, the Directorate also contributes to the supplementary supervision of financial conglomerates.
The Directorate analyses the technical situation of banking groups and banks - not subject to the ECB's direct supervision - that are controlled by foreign credit institutions and of branches of non-EU banks, and is responsible for their supervision.
It monitors the early intervention measures applied to the banks and banking groups within its remit.
Number of employees: 115
Banking Supervision 2 Directorate
Within the framework of the Single Supervisory Mechanism (SSM), the Directorate monitors the technical situation of the less-significant Italian banks and banking groups operating in Italy that are subject to the direct supervision of the Bank of Italy and helps to define supervisory interventions.
It implements early intervention measures at banks and banking groups within its remit, evaluates their recovery plans and assists in preparing resolution plans.
It coordinates the supervisory activities carried out by the Bank of Italy's branches at decentralized level.
Number of employees: 79
Financial Supervision Directorate
The Directorate monitors the technical situation and carries out supervisory interventions on the following non-bank financial intermediaries:
- financial intermediaries entered in the register provided for by Article 106 of the Consolidated Law on Banking, including trust companies;
- companies engaged in securities intermediation (investment firms) and in asset management (AMCs, SICAVs, SICAFs); it also monitors compliance with national laws by EU companies that manage undertakings for collective investment in transferable securities (UCITS) established under Italian law;
- electronic money institutions and payment institutions.
It carries out early interventions on the financial intermediaries falling within its remit, evaluates their recovery plans and assists in preparing resolution plans.
It coordinates the decentralized supervisory activities of the Bank of Italy's branches vis-à-vis financial intermediaries.
It supervises the control bodies specified in Titles V and VI-bis of the Consolidated Law on Banking.
Number of employees: 56
The Inspectorate Directorate plans and carries out inspections in accordance with the Single Supervisory Mechanism (SSM) and, in certain cases, in cooperation with the other competent national and foreign authorities.
It conducts the same activities in relation to non-bank financial intermediaries and other entities subject by law to inspections by the Bank of Italy, including for the purposes of transparent and fair dealings with customers and money laundering prevention.
It is responsible for reviewing, managing and keeping inspection reports.
It performs the checks related to the validation and revision of the internal risk measurement models used by banks and financial intermediaries.
Number of employees: 169
Consumer Protection and Anti-Money Laundering Directorate
The Directorate carries out analyses and interventions on supervised intermediaries in matters relating to usury, money laundering and terrorist financing in cooperation with the competent bodies.
It encourages fair and transparent relations between intermediaries and customers; it is responsible for control and intervention activities in collaboration with the competent authorities; and it examines customer complaints.
It coordinates the technical secretariats of the regional panels of the Banking and Financial Ombudsman.
It promotes and coordinates the Bank of Italy's financial education initiatives.
Number of employees: 66
Supervisory Institutional Relations
The Directorate liases with judicial authorities, other national authorities and investigative bodies.
It monitors communications of relevance for supervisory purposes.
It manages the information systems of the Directorate General and keeps the various registers; it carries out tasks connected with the establishment of financial intermediaries and their access to the market.
It analyses and manages the irregularities detected in the course of supervision.
It monitors advances in financial innovation and technology.
It serves as secretariat to the Interministerial Committee for Credit and Savings (ICCS).
Number of employees: 113