Regulatory Alerts1992-12-28
Urgent Decree of the Minister of the Treasury, President of the CICR, dated December 28, 1992, No. 436659
The Italian Minister of the Treasury issued an urgent decree regulating the operations and supervision of branches of EU credit institutions in Italy under Directive 89/646/CEE. The decree assigns the Bank of Italy responsibility for monetary policy implementation, mandatory reserves, and liquidity supervision, while mandating collaboration with home-country authorities for market risk oversight. It further establishes conditions under which the Bank of Italy may authorize EU banks to conduct activities not covered by mutual recognition.
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