Seen through a financial stability-MAP lens, the information flow within the Bank of Italy can be divided into three phases. First, risks are examined separately by the areas with the relevant expertise.
Micro risks relating to banks’ balance sheets are examined by the supervisory directorates; risks relating to money markets are monitored by the markets and payment systems directorate; macro conditions of any other kind are looked at by the economics and statistics directorate. This information is shared and debated within the Financial Stability Coordination Committee.