Banking and financial supervision

Vai alla versione italiana Site Search

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.


Relevant issues

Related Topics

Financial Stability

The financial system is a complex infrastructure that allows households, firms, general government entities and other economic agents to make payments, transfer resources and manage risks.

Resolution and crisis management

Italy's Legislative Decree 72/2015 and the 2014 European Delegation Law, approved on 2 July 2015, conferred the functions of National Resolution Authority on the Bank of Italy. The Bank has accordingly established a Resolution and Crisis Management Unit, which carries out the preliminary and operational tasks envisaged by the Single Resolution Mechanism, cooperates with the SRB's offices, and manages the liquidation procedures for banks and investment firms.

Submitting complaints

By submitting a complaint to the Bank of Italy, the customer can report behaviours on the part of banks and financial intermediaries that they deem to be irregular or wrong or irregularities in the information held in the Central Credit Register (CR) or in the Interbank Register of Bad Cheques and Payment Cards (CAI).

Principal measures concerning entities subject to supervision

This section contains the principal measures concerning entities subject to supervision with respect to special administration procedures, liquidation and withdrawal of authorization procedures, changes to supervisory registers and lists, prohibitions, closures and injunctions.