meta_id 3128029

On May 5, 2026, the Bank of Italy published an updated version of its Guide for Supervisory Activity (Circolare n. 269), which serves as the primary reference for analysis methodologies and procedures related to prudential supervisory activities over banks and non-bank intermediaries under its supervision. The update reflects broader international and national efforts to simplify the supervisory framework. In December 2025, the European Central Bank (ECB) developed a series of action lines for rationalising the regulatory, supervisory, and reporting framework, with contributions from national authorities. In alignment with these European initiatives, the Bank of Italy initiated specific simplification projects for its regulatory competencies, supervisory processes, and tools. The revised Guide introduces a new structure organising supervisory topics into five dedicated modules: Supervisory Review and Evaluation Process (SREP), inspection activities, supervisory action and sanctioning procedures, administrative proceedings, and organisation and coordination. Each module is subdivided into three levels of detail, ranging from general principles to analysis methodologies through to operational aspects. The updated Circolare has reached its 17th amendment. The new structure makes general principles, overall supervisory logics, analysis schemes, and supervisory action criteria publicly accessible through a more linear, coherent, and user-friendly presentation. The Bank of Italy will evaluate further expansions of the public version in subsequent phases, considering potential developments in the regulatory framework, sharing additional process and methodology simplifications, and developing enhanced search and content access functionalities. The updated Guide is available on the Bank of Italy's website. REFERENCES: https://www.bancaditalia.it/media/notizie/2026-05-05-nuova-guida-vigilanza/