Antonio Fazio: Update on the change in the control structure of some Italian banking groups Report by Mr Antonio Fazio, Governor of the Bank of Italy, to the Interministerial Committee for Credit and Savings, Rome, 26 August 2005. *  1. *  *  Introduction.
Supervisory procedures and action in the case of transactions involving the capital of banks  The controls on the ownership structures of banks contribute, together with the other instruments of prudential supervision, to the pursuit of the objectives of sound and prudent management of intermediaries and the stability, efficiency and competitiveness of the banking and financial system (Article 5 of the Consolidated Law on Banking).