After the Bank of Italy’s designation as the national resolution authority for banking crises under the new Single Resolution Mechanism, we instituted a Resolution and Crisis Management Unit which reports directly to the Governing Board. The Unit intervenes in crisis management, works with the Single Resolution Board, and oversees the liquidation of banks and financial intermediaries.
The Bank of Italy endeavours to prevent money laundering and terrorist financing in Italy, working directly with its Directorate General of Financial Supervision and Regulation and through the Financial Intelligence Unit (FIU).