The Italian Securities Commission, together with the Bank of Italy and IVASS, published an updated list of Italian financial conglomerates identified as of 31 December 2024 under their protocol on identification and supplementary supervision. The update confirms a single insurance-led conglomerate already subject to supplementary supervision, with IVASS remaining the coordinating authority. Supplementary supervision under Legislative Decree No. 142/2005 is described as adding to sectoral supervision to monitor group-wide capital adequacy and risk, taking account of links between insurance and banking/financial activities across group entities. The list excludes conglomerates that include significant supervised entities, which are identified by the European Central Bank within the Single Supervisory Mechanism. The updated list names Generali as the identified conglomerate and notes relevant other competent authorities alongside IVASS, including supervisors in Austria, the Czech Republic, France, Germany, Hungary, Italy and Spain.
Italian Securities Commission (Consob) 2025-12-09
Italian Securities Commission updates the list of Italian financial conglomerates and confirms Generali under IVASS supplementary supervision
The Italian Securities Commission, with the Bank of Italy and IVASS, released an updated list of Italian financial conglomerates as of 31 December 2024, identifying Generali as the sole insurance-led conglomerate under supplementary supervision. IVASS remains the coordinating authority, enhancing sectoral oversight to monitor group-wide capital adequacy and risk. The list excludes conglomerates with significant entities supervised by the European Central Bank under the Single Supervisory Mechanism.