IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2026-238.html

Italy: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure: Supervision and Oversight of Governance and Risk Management at Euronext Clearing and Euronext Securities Milan

Author

Listed:
  • International Monetary Fund

Abstract

The FSAP reviewed the regulation, supervision, and oversight of two key financial market infrastructures in Italy, Euronext Clearing (ENXC), a central counterparty, and Euronext Securities Milan (ES-MIL), a central securities depository. This technical note assesses: (i) theroles of Banca d’Italia (BdI) and the Capital Markets Supervisory Commission (CONSOB) in supervising ENXC and ES-MIL in line with CPMI-IOSCO’s Principles for Financial Market Infrastructures (PFMIs); (ii) governance arrangements under PFMI Principle 2; and (iii) risk management frameworks under PFMI Principle 3, including ENXC’s margin requirements under PFMI Principle 6.

Suggested Citation

  • International Monetary Fund, 2026. "Italy: Financial Sector Assessment Program-Technical Note on Financial Market Infrastructure: Supervision and Oversight of Governance and Risk Management at Euronext Clearing and Euronext Securities Milan," IMF Staff Country Reports 2026/238, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2026/238
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=579283
    Download Restriction: no
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2026/238. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.