Regulatory Alerts2015-05-12
Provisions - Financial Intermediaries Required to Participate in the Risk Centralization Service Managed by the Bank of Italy
The Bank of Italy mandates that all financial intermediaries registered under Article 106 of the TUB must participate in the risk centralization service to mitigate credit risk. Intermediaries may be exempted from this obligation if their reportable exposure to the Risk Center constitutes 20% or less of their total cash and signature financing. These provisions entered into force twelve months after the implementation of Legislative Decree 141/10, simultaneously repealing the previous 1995 regulations.
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