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. The Committee cooperates with the ESRB, the European Central Bank in the exercise of its macroprudential tasks and the macroprudential authorities of the other EU Member States. In pursuing its objectives, the Committee acts independently, including in establishing its own operating rules.