Based on the legislation in force, and in line with European law, the Bank of Italy does not exercise control over the issuance of bonds or other bank funding instruments; these decisions are adopted independently by banks in compliance with the limits and conditions provided for by law and by the supervisory authorities. Savings flow into the banking system in various ways.
Bank deposits are the savings that are afforded the best protection on three levels: supervision of banks’ stability, now entrusted to the EU’s Single Supervisory Mechanism, of which the Bank of Italy is part; the rules on transparency and fairness to which banks are subject for the opening and management of deposit accounts, to be complied with under the supervision of the Bank of Italy; and the guarantee scheme, which protects deposits of up to € for each account holder.