Financial regulation The large proportion of savings not entrusted to professional investors, the scale of households’ investment in financial products and the growing complexity of the financial instruments available require the authorities to refine supervisory regulations and practices constantly. The law on the protection of savings recently approved by Parliament strengthens some of the safeguards for investors.
The division of responsibilities between the Bank of Italy and Consob has always been based on the distinction between safeguarding the stability of intermediaries on the one hand and protecting investors and supervising markets on the other.