The secrecy provisions were not included in the first draft of the law, which mainly concerned administrative matters such as bank supervision.
It was given a wide range of functions in relation to monetary & financial policy, bank supervision, and foreign exchange policy.
The report said the largest increase in personnel came in bank supervision and regulation.
A second limit is the fact that the SSM only deals with bank supervision.
In addition, some aspects of bank supervision (for example consumer protection) remain a task for national supervisors.
From 2008 to 2010, he was head of bank supervision at the Bank of Italy.
More accurate figures are being made available with improved central bank supervision of external money markets.
The NBB has established a relatively functional system of bank supervision.
The existing law on bank supervision is probably an example to use for the proposed exclusion of the double gearing effect.
He has also examined bank supervision and corruption.