Off-site controls on systemically important banks will now be carried out by teams consisting of both ECB and national personnel. Inspections will be conducted by groups in which national staff may be flanked by members from other countries.
The Bank of Italy is also entrusted with the prudential supervision of securities firms and asset management companies, financial companies, payment institutions and electronic BIS central bankers’ speeches  3  money institutions. The Bank has full jurisdiction over all intermediaries, including banks, in matters of consumer protection and transparency.