The FSB, under the leadership of the Governor of the Bank of Italy, has concluded that the international college of supervisors is the most suitable instrument for strengthening cooperation and information exchange among the national supervisory authorities involved in the oversight of cross-border groups.
This instrument, already current within the European Union and amply utilized in Italy, will be reinforced in the near future and extended to all cross-border groups. To make action more effective, a clear legislative framework and a precise definition of the powers and duties of colleges are necessary.