Born in Rieti on 5 March 1959, he attended the University of Siena, from which in 1981 he graduated summa cum laude in Economics and Banking.

At the end of 1982, after completing military service, he joined the Bank of Italy and was assigned to the Supervision Division of the Siena Branch, also taking part in on-site inspections. He was then transferred to the Banking and Financial Supervision Area of the Head Office in Rome, initially in charge of drawing up the reporting and supervisory rules for direct and indirect credit control instruments and working on the problems of special credit.

In the early 1990s he was appointed to the Banking Groups Supervision Department and worked on the privatisation process, the restructuring and rehabilitation of the Italian banking system, and the first risk measurement models; he was also involved in financial innovation operations and established ‘early warning’ procedures for risk analysis. From 1998 to 2006 he was Head of the Division that supervised the major banking groups. From 2006 to 2008, as Head of the Supervision Methods and Procedures Division, he coordinated the production of the new Handbook on Banking Supervision.

After a short period as a senior manager in the Banking Groups Supervision Department, in 2009 he was appointed Deputy Head of the Supervisory Regulations and Policies Department. In that capacity his duties included coordinating the rules review that had become necessary in the wake of the 2007-08 financial crisis and implementing the new international rules on capital assets (Basel 3). In 2014 and 2015 he was Head of the Regulation and Macroprudential Analysis Directorate.

On 15 November 2015 he was appointed Deputy Director General for Financial Supervision and Regulation.

He has represented the Bank of Italy on many occasions at national and international level. He sat on the Basel Committee on prudential risk control and was a member of the groups of experts instituted within the European Council, most recently for the establishment of the single supervisory system as part of the Banking Union project. Within the Financial Stability Board he is a member of the Steering Group that coordinates work on the resolution of cross-border banking crises. He was a member of the Bank of Italy - Consob Coordinating Technical Committee and worked on the banking supervision technical assistance project for Russia and Egypt.

He is an alternate member of the Board of Supervisors and of the Management Board of the European Banking Authority (EBA).

He is the author and co-author of publications on banking and finance.