Regulation and authorities

As a bank, and also as a listed company, we are subject to a wide-ranging system of rules and regulations, including at EU level, which have recently been enhanced.

We conduct our operations within a complex legislative and regulatory environment covering two specific areas: banking activities and the regulations for listed companies. We are registered as a bank and a banking group in the registers held by the Bank of Italy and also as an issuer of securities listed on the regulated stock exchange of Milan.

As a result, we are subject to various authorities and disclosure obligations in Italy:
 

Bank of Italy

The Bank of Italy checks that banks and financial intermediaries are run soundly and prudently. This means making sure that they conduct their business in full compliance with the rules and they do not put their own existence and the money entrusted to them at risk in order to make profits. It also directs its supervisory activity to promote overall stability, efficiency and competitiveness of the financial system. Finally, it protects the transparency and correctness of operations and of banking and financial services with a view to continuously improving relations with customers.
To this end, it:

  • Issues technical regulations, and checks that these are applied
  • Monitors the sound and prudent management of intermediaries through review of the documentation and inspections at their offices
  • Penalises improper and non-transparent behaviour towards customers

www.bancaditalia.it

At supranational level, we are one of the biggest banks in terms of size and complexity of operations and we are subject to prudential supervision by the ECB as a significant bank.

European Central Bank (ECB)

Since November 2014, pursuant to EU regulation no. 575/2013, the ECB has exercised prudential supervision over the Mediobanca group. 

www.ecb.europa.eu/home/languagepolicy/html/index.it.html

Consob

The objective of the activities of the Italian stock market regulator Consob (Commissione Nazionale per le Società e la Borsa) is to protect investors and to ensure the efficiency, transparency and development of stock markets. Its functions have developed gradually over time in relation to the need to extend the scope of protection of savings and in line with the gradual changes in the financial market and legislation in this area.

www.consob.it

Borsa Italiana

Borsa Italiana is responsible for the organisation, operation and functioning of financial markets. Its main objective is to develop the markets and maximise their liquidity, transparency, competitiveness and efficiency. Its main responsibilities include:

  • Monitoring the correct execution of trades
  • Establishing the requirements and procedures for admission to listing and retaining listed status for issuers
  • Establishing the requirements and procedures for admission for intermediaries.

​www.borsaitaliana.it


 

Last update: 10/02/2017