Regulatory Alerts1994-03-29
Deliberations of the CICR and Urgent DM - Deliberation of 29 March 1994
The Interministerial Committee for Credit and Savings issued a regulation on 29 March 1994 to coordinate the Risk Centralization Service with the unified banking and credit legislation. The decree mandates that banks, financial companies, and special-list financial intermediaries must periodically report credit exposures to the Bank of Italy, which manages the central registry. It establishes confidentiality rules, allows third-party access to data under specific procedures, and imposes fees for initial information requests to ensure service sustainability.
Share