Analyses of Italian banks and financial intermediaries

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In order to provide an up-to-date overview of the main risks and vulnerabilities of the banking sector and to respond to frequently asked questions about the situation of specific banks, the Bank of Italy carries out studies on issues that are important when assessing the stability of the Italian financial system. Governing Board members and other senior officials talk about these studies at public events and the Bank also publishes information notes. In-depth analyses on specific issues include Notes on Financial Stability and Supervision and some of the papers published in the series Temi di Discussione (Working Papers) and Questioni di Economia e Finanza (Occasional Papers).

Banking governance and control

Digital resilience in the Italian financial sector - Banca d'Italia's analysis paper

Banca d'Italia has published the analysis paper 'Digital resilience in the Italian financial sector: evidence from the supervisory incident reporting framework' based on the reports of significant operational or security incidents that banks, payment institutions and electronic money institutions transmitted to Banca d'Italia between 2020 and 2023 pursuant to the relevant supervisory provisions.

The analysis shows a general increase in reported incidents during the reference period, which are mainly operational and very often involve third-party service providers. It is also noteworthy that in 2023 there was significant growth in cyber incidents.

The document emphasizes how important it is for financial entities to use the incident reporting scheme correctly, in order to mitigate risks of underreporting, and highlights the key role of the new regulation on operational resilience in the financial sector.

FinTech Survey

Every two years, the Bank of Italy conducts a fact-finding survey of a sample of financial intermediaries selected as representative of Italy's financial system in order to measure the level of adoption of technological innovations applied to financial services.