Regulatory Alerts2008-09-22
Urgent Decree of the Minister of Economy and Finance, President of the CICR, of 22 September 2008, No. 374
The Italian Minister of Economy and Finance, acting as President of the Interministerial Committee for Credit and Savings (CICR), issued an urgent decree revoking the 1999 regulation that established a separate centralized archive for low-value credit risks. This measure consolidates all credit risk data, including low-value exposures, into the Bank of Italy's central risk registry to enhance supervisory efficiency and reduce administrative burdens on intermediaries. The decree takes effect on January 1, 2009, while mandating that SIA-SSB maintain specific archival services for one year to ensure a smooth transition.
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