Following the transposition of the European Directive on ADR (2013/11/EU), in 2015 the Bank of Italy was appointed as the national competent authority tasked with the monitoring the proper functioning of the system and verifying compliance with the quality requirements envisaged by the Directive.
In May 2010, the tensions to which the Greek government bonds were subject generated uncertainty and a loss of confidence that has spread to the government bond markets of various jurisdictions in the euro area, almost to the point of paralysing them.