The supervisory authorities are increasingly engaged in identifying and monitoring the risks that these changes may generate, reassessing the adequacy of the boundaries of their mandate, carrying out controls on a broader and more diversified range of entities and activities, and coordinating supervisory rules and practices with other authorities at national and international level.
The Bank of Italy currently supervises 54 banking groups and 167 stand-alone banks, 284 asset management operators (investment firms, asset management companies and fixed capital investment companies), 153 other financial intermediaries and 51 payment or electronic money institutions. These are flanked by hundreds of EU entities subject to supervision in their home countries, which can operate under the freedom to provide services.