ItalyThe Governor of the Bank of Italy, Ignazio Visco, spoke to the Sixth Committee of the Chamber of Deputies to discuss the Bank’s functions and activities, including its role in supervising critical service providers, networks, and technology in the face of growing cybersecurity risks.
Italian financial regulatory authorities Banca d’Italia and Consob announced their compliance with the guidelines issued by the European Securities and Markets Authority concerning operators of distributed ledger technology (DLT) market infrastructure.
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The Bank of Italy issued a decision requiring the Milan, Italy branch of ING Bank to refrain from engaging in transactions with new customers following a finding of shortcomings in compliance with anti-money laundering requirements.
| Technical | Effectiveness |
|---|---|
| Compliant : 18 | High : 0 |
| Largely Compliant : 20 | Substantial : 8 |
| Partially Compliant : 2 | Moderate : 3 |
| Non-Compliant : 0 | Low : 0 |
Italy's technical compliance was re-rated in a March 27, 2019 follow-up report
| Rank : 27/110 |
| Score : 4.57/10 |
| Rank : 52/179 |
| Score : 53/100 |
| Rank : 41/133 |
| Score : 50/100 |