July 25, 2017 5:48 PM ET

Diversified Financial Services

Company Overview of Banca d'Italia SpA

Company Overview

Banca d'Italia SpA operates as the central bank of the Republic of Italy. It encourages and protects saving, as well as regulates, coordinates, and controls the provision of credit. The company’s functions include the maintenance and supervision of monetary and financial stability; the foreign exchange market interventions and management of the foreign reserves; the operations on behalf of the ministry for the economy and finance; the management of investment portfolio and treasury functions; and the maintenance of efficiency, stability, and security in payment system. It also undertakes economic, financial, and legal analysis and research activities, as well as engages in the supervision of...

via Nazionale 91

Rome, RM 00184

Italy

Founded in 1893

Phone:

39 06 47921

Key Executives for Banca d'Italia SpA

Managing Director and Accountant General
Managing Director and General Counsel
Managing Director and Director General for Human Resources & Organization
Senior Deputy Governor and Member of Governing Board
Managing Director and Director of The Financial Intelligence Unit
Compensation as of Fiscal Year 2017.

Banca d'Italia SpA Key Developments

Credit Agricole In Preliminary Discussions To Acquire Cesena, Rimini And San Miniato Saving Banks

Credit Agricole S.A. (ENXTPA:ACA) has begun preliminary discussions via Cassa di Risparmio di Parma e Piacenza S.p.A. with Banca d'Italia SpA and The Interbank Deposit Protection Fund with a view to acquiring the Cassa di Risparmio di Cesena S.p.A., BANCA CARIM - Cassa di Risparmio di Rimini S.p.A. and Cassa di Risparmio di San Miniato S.p.A. savings banks. The project is still in its very early stages. Its completion is contingent upon a positive outcome to the due diligence process, which is set to begin shortly and, at the appropriate juncture, approval from the relevant authorities.

The Bank of Italy and ABI Sign Agreement to Enhance Cybersecurity

The Bank of Italy, together with the Italian Banking Association and the ABI Lab Consortium, signed an agreement in Rome to strengthen cooperation on cybersecurity. The objective is to ensure greater security for operators in Italy's banking and financial sectors and for the households, businesses and general government departments that use digital services. The agreement - signed by the Senior Deputy Governor of the Bank of Italy, Salvatore Rossi, the Director General of ABI, Giovanni Sabatini, and the President of ABI Lab, Pierfrancesco Gaggi - will see the creation of a highly specialized Computer Emergency Response Team (CERT) for Italy's financial sector, to prevent and combat cyber threats linked to the development of new technologies and to the digital economy. Called CERTFin, the new response team will operate in accordance with the principle of public-private sector cooperation. It will be tasked with collecting statistics, information and reports and analyzing all the phenomena linked to cybersecurity, enabling banking and financial operators in Italy to exchange information effectively and, at the same time, offering them a series of tools and services to further strengthen security safeguards. CERTFin's activity will make it possible to circulate news of events and IT security-related phenomena even more swiftly and uniformly, and to strengthen the cyber-intelligence of the banking and financial sectors, benefiting the country as a whole. Moreover, starting in January, CERTFin will gradually make a range of services available to the banking and financial communities, with the aim of delivering all services required by the international standards within two years.

Government Mulls Sale Of Four Banks

Italy's economy minister met with senior Italian bankers and the Bank of Italy governor to try to push forward with a sale of Banca March S.A., Banca Popolare dell'Etruria e del Lazio - Società Cooperativa, CariFerrara and Banca Popolare dell'Etruria e del Lazio - Società Cooperativa. The meeting comes just days after a deadline to sell the banks was extended for a second time. "There is only one item on the agenda; how to find a solution for the four banks," a source, who declined to be named as the talks are private, said. Economy minister Pier Carlo Padoan called the meeting with Intesa Sanpaolo S.p.A. (BIT:ISP), UniCredit S.p.A. (BIT:UCG) and Unione di Banche Italiane S.p.A. (BIT:UBI)and Banca d'Italia SpA Governor Ignazio Visco. The Bank of Italy rejected bids from private equity funds over the summer because they were too low, the sources said.

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Recent Private Companies Transactions

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