Governors and Senior Deputy Governors

Banca d'Italia was established in 1893 by Law 449/1893, and began operations on 1 January 1894.

The highest appointment at the time was that of Director General. Until 1899, the Director General and two deputies formed the Board of Management. The Statute, ratified by a decree issued on 18 June 1899, abolished the Board of Management and reduced the number of Deputy Directors General from two to one.

A Directorate was instituted with the amendment of the Statute, ratified by Royal Decree 1404/1928, which created the post of Governor and, below that, the posts of Director General and Deputy Director General. In 1969, a second post of Deputy Director General was created. Law 262/2005 containing 'Provisions for the protection of savings and the regulation of financial markets' defined the Directorate as a collegial body consisting of the Governor, the Director General and the Deputy Directors General.*

The current Governor is Fabio Panetta, who took office on 1 November 2023; the current Senior Deputy Governor is Paolo Angelini, who took up his post on 1 April 2026.

*Since 2013, the Directorate is known as the Governing Board and the posts of Director General and Deputy Director General as Senior Deputy Governor and Deputy Governor, respectively.

List of Governors

List of Senior Deputy Governors (formerly Directors General)

Sezione di approfondimento

Related Topics

  • Directorate (Governing Board)

    The Directorate (Governing Board) is a collegial body and is made up of the Governor, the Senior Deputy Governor and the three Deputy Governors.