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Banking Sector Italy Bank of Italy

Hogan Lovells

Bank of Italy: Public consultation on new AML reporting

Hogan Lovells on

The Bank of Italy launched a public consultation regarding new AML reporting which would replace the AML questionnaire that has been sent out for the last two years. On 31 July 2024, the Bank of Italy launched a public...more

Hogan Lovells

Bank of Italy communication on unauthorised payment transactions

Hogan Lovells on

On 17 June 2024, the Bank of Italy published a communication on unauthorised payment transactions. Inspections revealed shortcomings with several payment service providers (PSPs), such as groundless refund refusals,...more

Hogan Lovells

La Banca d’Italia aggiorna la disciplina delle notifiche delle operazioni di cartolarizzazione

Hogan Lovells on

La Banca d’Italia ha pubblicato un aggiornamento della Circolare 285 e un aggiornamento della Circolare 288 con cui sono stati modificati i rispettivi capitoli relativi alle operazioni di cartolarizzazione. Con tali...more

Hogan Lovells

The Bank of Italy updates the rules relating to the notification of securitisation transactions

Hogan Lovells on

The Bank of Italy published an update to Circular 285 and an update to Circular 288, amending the chapter on securitisation transactions. With these updates, on the one hand, the content of the Bank of Italy's Communication...more

Hogan Lovells

Bank of Italy consults on control and administration system guidelines for crowdfunding service providers

Hogan Lovells on

On 17 May, the Bank of Italy published a public consultation on the supervisory guidelines for  crowdfunding service providers to implement EU Regulation 2020/1503 on European crowdfunding service providers (“CSP”) for...more

Hogan Lovells

Bank of Italy communication on BNPL

Hogan Lovells on

The Bank of Italy published a communication on Buy Now Pay Later (BNPL) products warning consumers about potential risks noting the applicable regulatory framework...more

Hogan Lovells

Cross-border distribution of collective investment undertakings: implementation in Italy of EU rules

Hogan Lovells on

Italy is moving to adapt its legislative framework to the European Union standards and to remove fragmentation at national level for UCITS. On 15 July 2021, the Italian Council of Ministers approved, in preliminary...more

Jones Day

EU General Court Annuls Commission's Banca Tercas State Aid Decision

Jones Day on

The Situation: The EU General Court annulled the European Commission's ("Commission") decision that Fondo Interbancario's support payment to financially distressed Banca Tercas breached EU State aid rules. Fondo Interbancario...more

Orrick, Herrington & Sutcliffe LLP

Novità in materia di direct-lending. Gli OICR di credito

In data 23 dicembre 2016, Banca d'Italia ha integrato il regolamento sulla gestione collettiva del risparmio (il "Regolamento") con cui, inter alia, viene data attuazione all'art. 46-ter del d.lgs. n. 58/1998 ("TUF"),...more

Latham & Watkins LLP

Bank of Italy: New Reporting Requirements on Issuances and Offerings of Financial Instruments

Latham & Watkins LLP on

The Bank of Italy post-trade reporting requirements are likely to impact the issuance and offering of bonds and other debt securities in Italy. The Bank of Italy has the power to require entities issuing or offering...more

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