Supervision: what it is and how it works
The Bank of Italy supervises banks and non-banking intermediaries entered in specific registers. Since November 2014 this supervision has been conducted within the framework of the Single Supervisory Mechanism.
Supervisory activities are carried out by the Directorate General for Financial Supervision and Regulation at the Bank of Italy's Head Office in Rome and by its branch network.
In addition to on- and off-site inspections to verify compliance with the requirements for engaging in banking and financial activities, the Bank of Italy's supervisory action extends toactivities include the adoption of administrative measures. The most important measures involving banks are authorizations, sanctions, and those relating to the management of problematic situations.
As national supervisor, the Bank of Italy also provides a number of services directly to the public. It receives requests for information and analyses reports on irregularities involving supervised intermediaries, and publishes information on individuals or companies not authorized to carry out banking or financial activities in Italy and other more general notices and communications. It also conducts analyses on the banking and financial system.
The Bank of Italy performs supervisory tasks also for the purpose of protecting customers of intermediaries.
The Bank of Italy reports on its supervisory procedures and informs the public of the most important banking and financial issues through a variety of forums and channels, including the Annual Report and the Report on Operations and Activities of the Bank of Italy.
The Bank of Italy's supervisory powers have their legal basis in a regulatory framework that encompasses international, European Union and national laws.
- 30 June 2022 - Notes on Financial Stability and Supervision No. 30 - Overlaps between minimum requirements and capital buffers: the case of Italian banks
- 28 June 2022 - Notes on Financial Stability and Supervision No. 29 - Climate risk for Italian banks: an update based on the Regional Bank Lending Survey
- 29 April 2022 - Financial Stability Report, No. 1 - 2022. With the outbreak of the war in Ukraine, uncertainty over the economic outlook and risks to financial stability have increased. Inflation is rising markedly in the main global economies because of increasing prices for energy and other commodities and continuing supply bottlenecks. Central banks have started or stepped up their return to less accommodative monetary policies. The ECB will maintain its flexible approach to monetary policy whenever threats to its transmission jeopardize the attainment of price stability.
- 08 April 2022 - Supervisory expectations for climate-related and environmental risks
- 25 March 2022 - Notes on Financial Stability and Supervision No. 28 - Survey on the management of 'inadempienze probabili'
- 12 January 2022 - Salary and pension-backed loans. Communication on risk profiles and supervisory guidelines.
- 25 November 2021 - Notes on financial stability and supervision No. 27 - Bad loan recovery rates in 2020
- 19 November 2021 - Financial Stability Report No. 2 - 2021 - The global economy continues to benefit from the effects of the vaccination campaign and the expansionary policies of monetary and fiscal authorities. However, signs of a slowdown have emerged in the last few months owing to the supply bottlenecks that, together with the increase in commodity and energy product prices, are also causing more persistent than expected price pressures. Based on our current evaluations, the impact on long-term inflation expectations has been modest so far. On the financial markets, the sovereign spreads of some euro-area countries recorded a marked increase between the end of October and the start of November, in connection with fears about a possible reduction in monetary accommodation.