The Italian Securities Commission (Consob) and the Bank of Italy have entered into a new memorandum of understanding to reinforce cooperation between the Arbitro per le Controversie Finanziarie (ACF) and the Arbitro Bancario Finanziario (ABF), with the stated aim of improving the level and effectiveness of client protection. The protocol promotes information sharing between the two alternative dispute resolution systems on issues of common interest and sets out coordination mechanisms intended to help clients identify which arbitrator is competent for their case.
Italian Securities Commission (Consob) 2025-04-02
Italian Securities Commission and Bank of Italy sign new protocol to strengthen coordination between ACF and ABF dispute resolution schemes
The Italian Securities Commission (Consob) and the Bank of Italy have signed a memorandum of understanding to enhance cooperation between the Arbitro per le Controversie Finanziarie (ACF) and the Arbitro Bancario Finanziario (ABF). The agreement aims to improve client protection through information sharing and coordination mechanisms to guide clients in selecting the appropriate arbitrator.