Guidelines on revolving credit

The Bank of Italy has published its supervisory Guidelines on revolving credit ('Il credito cd."revolving". Orientamenti di Vigilanza di tutela'.) with the aim of drawing banks' attention to the main issues in this sector in terms of customer relations and of encouraging behaviours aligned with the rules and fair for consumers.

The Guidelines are divided into three areas (government and organizational profiles, application and operational practices, and internal controls) and contain good practices towards which the Bank of Italy would like operators to gradually converge.

The Bank of Italy will take into account the content of the Guidelines when performing customer protection supervisory activities in the revolving credit sector.