Financial conglomerates

On March 31, 2006, Consob, the Bank of Italy and ISVAP (now IVASS) jointly signed the coordination agreement on the identification and capital adequacy of financial conglomerates.

Drafted in implementation of the legislative decree 30 May 2005, n. 142, the text specifies the ways in which the three authorities consult and exchange information aimed at identifying the financial conglomerates to be subject to supplementary supervision, the authorities called upon to carry out the role of coordinator of the supplementary supervisory activity on the already identified conglomerates, the criteria and methods for capital adequacy measurements at the conglomerate level.


LIST OF ITALIAN FINANCIAL CONGLOMERATES SUBJECT TO SUPPLEMENTARY SUPERVISION BY THE NATIONAL COMPETENT AUTHORITIES AT 31 DECEMBER 2019

Conglomerate

Main sector

Coordinating Authority

Generali

Assicurativo

IVASS

Mediolanum

Bancario/finanziario

Banca d'Italia