The Bank of Italy has updated and streamlined its Guide for supervisory activities, Circular No. 269 of 2008, as part of projects to simplify its legislation and the processes and tools used for supervision. The guide is the main reference for assessment methodologies and procedures for the prudential supervision of banks and non-banks, and the revision aligns with wider European work after the European Central Bank set action lines at the end of 2025 to streamline the regulatory, supervisory and supervisory reporting framework. The first phase introduces a new structure that groups supervisory topics into five modules covering SREP, on-site activities, supervisory measures and sanctioning procedures, administrative proceedings, and organization and cooperation. Each module is split into three levels of detail, ranging from general principles to assessment methodologies and then more operational aspects. Compared with the previous version, the public text now presents the general principles, the rationale for supervisory reviews and processes, and the criteria for off-site and on-site supervision in a more linear and consistent format. An extract from the 17th update of the Circular has been published on the Bank of Italy's website. At a later stage, the Bank of Italy will examine possible extensions of the public version, the sharing of further simplification initiatives on processes and methodologies, and additional search and content access functionalities, taking account of how the framework evolves.
Bank of Italy 2026-05-05
Bank of Italy updates supervisory guide as first simplification phase introduces five module structure
The Bank of Italy has updated and streamlined its Guide for supervisory activities (Circular No. 269 of 2008), aligning prudential supervision methodologies and procedures for banks and non-banks with European efforts to simplify the regulatory, supervisory and reporting framework. The first phase introduces a modular structure with three levels of detail, presenting general principles, supervisory rationales and criteria for off-site and on-site supervision in a more linear format, with an extract of the 17th update published on its website. The Bank of Italy will consider further extensions of the public version and additional simplification and access functionalities as the framework evolves.