Now we are finalizing the second call for proposals, and we count on launching the new initiative in the weeks to come. 9  Moreover, in 2021, in close cooperation with the other two Italian supervisory authorities (IVASS and Consob) and with the involvement of the Ministry of Finance, we set up the regulatory sandbox.
This facilitator is a controlled environment where supervised entities and FinTech operators will be able to test technologically innovative products and services in the banking, financial and insurance sectors for a limited period of time. The tests will take place in close liaison with the supervisory authorities and will eventually benefit from a simplified transitional regime.