About us

• Our role

  The Committee is the independent authority designated to conduct macroprudential policies in Italy, pursuant to Recommendation 2011/3 of the European Systemic Risk Board (ESRB). It contributes to safeguarding the Italian financial system by preventing or mitigating risks that could jeopardize its stability. In this way, the Committee supports the sustainable contribution of the financial sector to economic growth.

  Go to Our role

• Members

  The Committee is composed of the Governor of Banca d'Italia, who chairs it, the President of Commissione nazionale per le società e la borsa (Consob), the President of Istituto per la vigilanza sulle assicurazioni (Ivass) and the President of Commissione di vigilanza sui fondi pensione (Covip), representing their respective authorities. The Director General of the Treasury attends meetings, without voting rights.

  Go to Members

• Legal framework

  Legislative Decree 207/2023 instituted the Committee for Macroprudential Policies (Comitato per le politiche macroprudenziali). The legislative decree implements a recommendation of the European Systemic Risk Board (ESRB) by forming a committee comprised of the various authorities involved in safeguarding the stability of the national financial system.

  Go to Legal framework