Employees and consultants of central depositaries, central counterparties and managers of wholesale trading venues, which are supervised by the Bank of Italy, can report regulatory violations or management misconduct by following a few simple rules.
Employees and consultants of central depositaries, central counterparties and managers of wholesale trading venues, which are supervised by the Bank of Italy, can now send a whistleblowing report of any possible regulatory violations or management misconduct. The Bank of Italy guarantees the confidentiality of the personal data of the whistleblower, to protect them from any possible retaliation, as provided for by the relevant legislation (Article 4-duodecies of the Consolidated Law on Finance, and Law 179/2017).
Making a whistleblowing report is not the right channel for reporting facts or disputes relating to the employment relationship of the person making the report.
How to send a report to the Bank of Italy
Whistleblowing reports can be sent:
- via the Online Services platform;
- via regular mail, by letter addressed to Banca d'Italia, via Nazionale, 91 - 00184 Roma, for the attention of the Directorate General for Markets and Payment Systems - MPS Oversight Directorate (the envelope must be marked 'Confidential').
What the Bank does when it receives a report
These reports provide the Bank of Italy with information that is useful to its supervisory functions. Where necessary, the Bank can activate the opportune tools in order to intervene.
The Bank of Italy does not reply to reports, but it may contact the person making the report if it thinks that further information or clarification could be useful.
In any case, the Bank of Italy does not publish the results of any investigations made or make known any action taken as a result of reports concerning supervised entities, in line with its professional secrecy obligations, which cover all data and any information acquired in the course of its supervisory activities (Article 4, paragraph 8 of the Consolidated Law on Finance).