The new framework confirms the role and organization of the supervisory  20  The Governor’s Concluding Remarks Annual Report 2016  BANCA D’ITALIA  authorities and Italy’s financial intelligence unit (UIF). The Unit’s position within the Bank assures its independence and effective preventive action.
I firmly believe that usage of innovative and unconventional channels will overshadow the conventional means of business and communication. To substantiate my optimism, currently the growth in number of mobile phones is far greater than the growth in the number of Fixed Lines across the globe, particularly in developing countries.