Regulatory Alerts2008-05-07
Circular No. 269 of 7 May 2008 - Guide for Supervisory Activities
The Bank of Italy issued Circular No. 269 to establish the methodological and procedural framework for prudential supervision of banks and non-bank intermediaries. The Guide is updated annually to align with evolving risks and international standards, structured into five modules with three levels of detail, while excluding specific areas like client protection and anti-money laundering. The public version currently available contains general principles and supervisory logic, with plans for future expansion and simplification.
Go to main content
Home page
Search the site
|
EN
Go to english version
Guide for Supervisory Activities
Circular No. 269 ("Guide for Supervisory Activities") incorporates the methodological and procedural references for carrying out prudential supervision of banks and non-bank intermediaries (NBIs). Issued in 2008, the Guide is updated - as a rule - on an annual basis, in order to adapt the methodologies to the evolution of risks, incorporate best supervisory practices, and take into account the evolution of regulations and guidelines emerging in international forums.
Tasks related to client protection carried out by the Department for Client Protection and Financial Education, and those related to combating money laundering and terrorist financing carried out by the Supervision and Anti-Money Laundering Regulation Unit, do not fall within the scope of competence of the Guide. Furthermore, activities related to the resolution and liquidation management of banks and financial intermediaries assigned to the Resolution and Crisis Management Unit are also excluded.
Starting from the 17th update, a structural revision of the Guide was introduced. The new structure comprises 5 Modules (SREP and supervision of other intermediaries and bodies, Inspection Activities, Supervisory Action and Sanctioning Procedures, Administrative Proceedings, Organization and Coordination). For each module, three levels of content detail are provided: i) Level 1 illustrates general principles; ii) Level 2 collects more analytical aspects regarding supervisory methodologies and processes; iii) Level 3 includes more operational technical annexes.
The extract of Circular No. 269 currently available on the Bank of Italy website contains the general principles, the overall logic guiding analysis schemes and supervisory processes, as well as the criteria guiding portfolio and inspection supervisory actions. In a subsequent phase, also in relation to the evolution of the reference framework, possible expansions of the public version, the sharing of further initiatives to simplify processes and methodologies, and the development of further functionalities for searching and accessing content will be evaluated.
Cookie Notice: The Bank of Italy uses technical cookies necessary for the operation of the site and third-party cookies: for more information and to know how to enable them selectively, read the Privacy Policy. Use one of the following buttons to express your preference. If you click on the X in the top right corner or on the "Close/Reject all non-essential cookies" button, only the internal technical cookies of the site will be activated.
go to english version
About this site's cookies: The Bank of Italy uses technical and third-party cookies for the operation of the site: for more information and to know how to selectively enable cookies, read the Privacy Policy. Click on one of the buttons below to express your preference. If you click "Close/Reject all cookies", only the internal technical cookies of the site will be activated.
read the Italian version