The Board should ensure that the risk management policies, processes and systems are implemented effectively at all levels in the organization. Boards of banks are expected to have greater involvement in the migration to Risk Based Supervisory System by streamlining the Information System at the banks and putting in place a proper risk based internal audit system.
In Italy the fruitfulness of collaboration with intermediaries of other countries is attested to by the extensive participation of foreign capital in the Italian banking system, by numerous cooperation agreements for the distribution of financial and credit products and by the significant role played by foreign intermediaries in wholesale banking.