Italy: Financial Services

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An employee at Intesa Sanpaolo unlawfully accessed thousands of customer records over two years, leading to a €31.8 million fine from Italy's data protection authority. The ruling underscores that insider threats demand proactive, risk-based controls and that unauthorised access alone—even without data extraction—triggers serious breach notification obligations under GDPR.

What am I talking about? I am referring to the basic bank accounts that people use in Italy — those accounts that were probably set up when you first moved here, perhaps because the person you were buying a house from suggested opening an account at the same branch to make life easier, or because you were referred to the local bank simply because “everyone uses it”, or because someone knew someone who could open an account for you even before you were officially resident.

European Commission ("Commission") has approved the acquisition of Banco BPM S.p.A. ("BPM") by UniCredit S.p.A. subject to commitments.

An overview of the latest trends and developments shaping the Italian real estate market in 2025, including prices, tax breaks, green mortgages, and foreign investment.

Italy's Council of State has issued a landmark ruling that fundamentally reshapes foreign direct investment filing requirements for secured financing transactions.

The European Securities and Markets Authority (ESMA) initiated, and completed, the consultation process leading up to the publication - on 14 May 2024 - of its Guidelines on funds' names using ESG...

In data 27 febbraio 2024, la Banca d'Italia ha pubblicato sul proprio sito una comunicazione in materia di raccolta dei dati sui sistemi di remunerazione di banche e SIM.

Azione di ripetizione dell'indebito in costanza del rapporto di conto corrente bancario (conto c.d. aperto): l'azione di ripetizione dell'indebito ai sensi dell'art.