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IT - Framework agreement between CONSOB and BANCA D'ITALIA

25/09/2018

On June 8, the National Commission for Companies and the Stock Exchange (CONSOB) and Banca d'Italia signed a Framework-Agreement for collaboration and coordination in the exercise of their supervision and resolution functions.

On June 8, the National Commission for Companies and the Stock Exchange (CONSOB) and Banca d'Italia signed a Framework-Agreement for collaboration and coordination in the exercise of their supervision and resolution functions. The Agreement reinforces the coordination between the two authorities in order to ensure the best pursuit of their respective institutional goals; In particular, the Agreement:

  • reaffirms the commitment of each authority towards providing the other with the most extensive and effective collaboration, including in order to contain the charges borne by operators and prevent duplications in the exercise of their activities;
  • standardizes the framework of principles to which to subject the memoranda of understanding currently in place and those that may be stipulated in the future;
  • extends the competences of the contact committees (strategic and technical) – which have been in operation since 2007 – to all subjects and scopes of common interest;
  • establishes general rules on the confidentiality regime for information exchanged and on relations with other authorities/institutions/entities.
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