Pursuant to Article 23 of the CFA, banks or financial intermediaries must prove to have complied with the information obligations regarding the proposed investment’s key characteristics, including its level of…
The Court of Cassation has ruled in favour of BoI’s sanctions imposed on a bank’s directors for violating regulations on compensation and incentive policies and practices. In particular, in the…
BoI has recently announced that it intends to comply with EBA’s guidelines addressed to institutions and resolution authorities and designed to improve resolution options pursuant to BRRD Directive (as recently…
In the corporate structure of banks, the system of internal controls does not limit the control obligations and duties of the board of auditors. In fact, persons in charge of…
EBA published its final proposal of regulatory technical standards that set out the criteria for identifying shadow banking entities for the purposes of supervisory reporting on large exposures. Entities that…
The Criminal Court of Parma has recently rejected an appeal against a fraud allegedly made online. The appellant had also sued the bank in question in order to obtain the…
Introduction By means of Legislative Decree no. 72 of 12 May 2015 (the “Decree”), Italy implemented Directive 2013/36/EU (Capital Requirements Directive; “CRD IV”), which reformed, inter alia, banks’ and investment…
On 1 January 2021, the new definition of default, introduced by Article 178 of CRR (EU Regulation no. 575/2013, as amended), entered into force. It concerns the way by which…
While monitoring the impact of the second pandemic wave, and in light of the restrictions imposed in many EU Member States, the European Banking Authority (EBA) has reactivated until 31…
In order to strengthen the selection of banks’ and financial institutions’ corporate officers, the Ministry of Economy and Finance has recently issued a Decree (entering into force on 30 December…