Bank of Italy

The Bank of Italy (Italian: Banca d'Italia, pronounced, informally referred to as Bankitalia) is the national central bank for Italy within the Eurosystem. It was the Italian central bank from 1893 to 1998, issuing the lira.

In addition to its monetary role, the Bank of Italy is also a financial supervisory authority. In that capacity, it increasingly implements policies set at the European Union level. It is the national competent authority for Italy within European Banking Supervision. It is a voting member of the Board of Supervisors of the European Banking Authority (EBA). It is Italy's designated National Resolution Authority and plenary session member of the Single Resolution Board (SRB). It provides the permanent single common representative for Italy in the Supervisory composition of the General Board of the Anti-Money Laundering Authority (AMLA). It also hosts the Institute for the Supervision of Insurance (Italian acronym IVASS), which is a voting member of the Board of Supervisors of the European Insurance and Occupational Pensions Authority (EIOPA). It is also a member of the European Systemic Risk Board (ESRB).