Financial scams on WhatsApp: Consob warns savers
Consob raises the alarm against financial scams on WhatsApp, where scammers disguised as Morgan Stanley and BlackRock deceive investors. Beware of phishing too
Savona proposes the Consob reform: "New European supervision, deposits supervising finance"
The recipe of the president of Consob, Paolo Savona, in the annual meeting with the market which coincides with the 50 years of the Authority: a new institutional architecture of the Supervisory Authorities distinguishing the monetary part from the financial one. A "new architecture" that passes…
Cryptocurrencies, the new decree in the CDM: the clampdown arrives with more severe rules and penalties. Fines of up to 5 million euros
Consob, Bankitalia and Ivass will coordinate in monitoring any misconduct. Financial penalties can reach 5 million, criminal penalties can reach up to 4 years in prison
Financial abuse, Consob blocks 6 websites. Stop scams: how to recognize them and defend yourself
Consob recently closed another 6 websites that offered financial services abusively, bringing the total to 1.110 sites blocked since 2019. Financial abusiveness refers to illegal or unauthorized practices in the investment sector, which…
Fincantieri, Consob gives green light to the 400 million capital increase. Today the Board of Directors
Fincantieri has obtained approval from Consob for a capital increase of 400 million plus 100 million in warrants, to finance the acquisition of Leonardo's Wass division. The Board of Directors will meet today to define the details of the operation
Seri Industrial soars to 7% on the stock market on negotiations with Leonardo and Invitalia
The negotiations, still ongoing and communicated to Consob and the Italian Stock Exchange, concern the acquisition of a majority share of the Industria Italiana Autobus company. Company that has historical roots in Italian entrepreneurship
More women and more sustainability in businesses: the “Crystal Ceilings and Rubber Walls” conference at Consob
Although the Gulf-Moscow law has improved gender equality in top management, "rubber walls" persist that hinder the rise of women. Gabriella Alemanno, Consob commissioner: “New legislative interventions are needed”
Bond, new rules: tighter deadlines, cost reduction and questions in English. Here are the Consob changes
Three new features are coming to the information prospectuses of bond issues. Objective: to make the Italian market more competitive without neglecting investor protection
Online scams, Consob has blocked 1.000 financial sites in less than 5 years: here are the most widespread frauds on the internet
Consob celebrates Christmas with a record achievement, but the chances of recovering the funds remain slim. The scheme of scams is always the same: tempting bait and empty promises
Savings, urgent realignment of costs and rules between different forms of investment. Savona at Piazza Affari
In the annual meeting with the financial market, the Consob president underlines that the spread on Italian government bonds "underestimates" the country's capabilities, the competitiveness of businesses and the high level of savings. However, a rapid return to the budget surplus is needed
Consob, more women on boards but only 2% at the top. Foreign investors in listed companies are declining
Consob data on governance: State and families in control, foreign investors in listed companies at their lowest since 2013, increase in shareholder participation in shareholders' meetings
Consob arbitrator: fewer financial disputes in 2022, savers compensated for 30.000 euros per capita
The serial type of litigation, which arose from the events of "betrayed savings" that emerged following the 2015-2017 banking crises, is fading. In six years 142 million returned to savers
Sustainable finance, in 2022 the interest of Italians decreases: "greenwashing" leads to prudence
Too often labels and advertisements aim to present products or services as sustainable, without actually being sustainable. This is what emerged during the Consob conference entitled “Sustainable investments. Knowledge, attitudes and choices of Italian investors"
Savings: Consob report on Italian investments. Savona: "Dark tax inflation"
How do Italians position themselves with respect to their savings? The Consob survey traces the profile of their behaviour: from anxiety, to fear up to the least responsible and most risky choices. Savona's recipe
Tim: Cassation rejects the Consob appeal. Vivendi has no de facto control
Even though the French have won a majority in the Council, they are not in fact in control. Vivendi is now freer on Tim's board
Consob and Antitrust: the League tries again and raises the transfer to Milan. Will it end like in Monza?
The League relaunches the proposal to transfer Consob and Antitrust from Rome to Milan. But the real game is on the Autonomies and on the renewals of expiring directors. Here are which ones
Juve, shock resignation of Agnelli and board of directors due to disputes by the public prosecutor's office and Consob on capital gains: will Del Piero arrive?
After 12 years of sporting triumphs, the era of Andrea Agnelli at the helm of Juve - Scanavino General Manager and Ferrero president pro tempore, but the fans dream of Alex Del Piero
Mps, strong leap on the stock market (+10%) in view of the definitive yes of Anima, Axa and the banks to the capital increase
The 10% leap on the Stock Exchange of the Monte dei Paschi share suggests that the square of the capital increase is approaching due to the new availability of Anima, Axa and the banks of the consortium.
Consob report on sustainability and businesses: 69% of listed companies use Non-Financial Statements
For Consob, non-financial disclosures are a requirement that can introduce mechanisms for "a progressive cultural transformation". With an impact also on the remuneration of CEOs
Banco BPM: JP Morgan buys 5% by surprise but is it backing up French Credit Agricole or not?
The surprise entry of JP Morgan into the capital of Banco Bpm raises questions about the real purpose of the American bank and the market wonders if its move will back up its client Credit Agricole
Cybersecurity: Bankitalia, Consob and Ivass offer new voluntary tests for banks, insurance companies and more
Companies can undergo cybersecurity tests through a new structure – The authorities have adopted the national TIBER-IT Guide, which implements the European models
Online trading: the lockdown brought 185 younger and more capable investors to Piazza Affari
According to a Consob-Normale study from Pisa, Covid has boosted online trading as it did with smart working, but it has also changed the profile of investors
Insider trading: AI can help fight it. Consob at work with Normale di Pisa
The project aims to analyze investor behavior to isolate possible cases of insider trading - Last year Consob blocked 720 abusive sites
Consob, Savona: "We need anti-inflation portfolios to channel savings towards Italian companies"
The president of Consob also calls for "simplifications to curb the flight of companies to foreign stock exchanges" and an "international conference on cryptocurrencies"
Listed companies, Consob: in Italy more than 6 out of 10 are still in the hands of families
Consob president Paolo Savona, presenting the report on Corporate governance, underlines that the "administrators' skills on sustainability and digitization" have improved
Consob, Report on governance: women CEOs in only 16 of the more than 400 companies listed on Piazza Affari
On the other hand, the chair of president is occupied by a woman only in 30 cases - In three cases out of four, the role covered by women is that of independent director
Fondi, Bank of Italy and Consob: "We are monitoring the consequences of the war on those exposed in Russia and Ukraine"
The two Authorities underline "the need for full compliance with the restrictive measures decided by the European Union in response to the situation in Ukraine"
Fintech Made in Italy at the Salone del Risparmio, Ciocca (Consob): "Accelerate on the rules"
The Consob Commissioner presents his "dream" at the largest Italian asset management event: "Developing the potential of Made in Italy Fintech in our country"
Corporate meetings in virtual mode, Consob asks for definitive rules: everything expires in July
Consob urges Italy and Europe: the EU does not provide for rules on the use of digital tools in shareholders' meetings and the emergency regulation passed by Italy during the pandemic will expire on 31 July
Stock exchange, Tim and Generali in the spotlight: the KKR takeover bid moves away, Consob gives the green light to Caltagirone and partners
Tim and Generali always at the center of the Stock Exchange - The KKR takeover bid, which calls for due diligence, seems to vanish, while Consob says that there is no concert between Caltagirone and its partners
Bankitalia and Consob: new agreement on the exchange of information on bank bonds
Bank of Italy and Consob revised the 2012 agreement on the exchange of information on banks that make public offers of debt securities
Listed companies: record number of women on boards (41%), but only 2% become CEOs. Back on digital and sustainability
Consob report on the corporate governance of listed companies: The percentage of women with positions on boards has reached an all-time high. Major shareholders? The families
Consob to companies: "Clarify accounts with Moscow". Stock exchanges cautious on negotiations between Russia and Ukraine
Consob asks listed companies to specify the effects of the Russian invasion on their balance sheets - Cautious stock exchanges after last week's big rebound
Generali asks Ivass and Consob for investigations into the shareholdings of Caltagirone, Del Vecchio and Crt
Il Leone intends to clarify whether the investments of Caltagirone, Del Vecchio and Crt have complied with all the obligations and whether or not they are configured as a concert between shareholders
Generali, Consob agrees to the list of the outgoing board of directors
With the green light from Consob, the outgoing Generali board of directors will be able to present - as is already the case in Mediobanca - a list of candidates it has issued in view of the renewal of top management at the end of April and which it has…
Consob splits on Generali. The Nasdaq does not rise again
A tweet from President Savona inflames Consob, which is unable to pronounce itself on the Generali case - Two-speed stock exchanges: Europe recovers, the Nasdaq does not
Stock exchanges and high tech rebound: a tweet from Savona inflames Consob
All share lists are recovering, with Milan the best stock exchange in Europe - The Nasdaq is breathing - In Piazza Affari the most purchased stocks are Tim, Enel and Amplifon - Sales of Saipem, Eni and Stellantis - Savona, accused of…
Online trading and shares: boom in Italy with the pandemic
According to Consob, the number of transactions in shares grew by a third between 2019 and 2021 - Interest in crypto-assets is also increasing - Participation in the markets is growing, but new investors are less competent…
Consob: record of compensation from the Arbitrator for disputes
In 2021, more than 35 million euros returned to savers' pockets - The rate of acceptance of appeals is growing sharply
Appointments, Di Noia promoted to OECD: leaves Consob
He will be the new Director of Financial and Business Affairs of the World Organization based in Paris - This is why Di Noia is leaving Consob one year early
Financial education and sport, memorandum of understanding signed between FEduF, CONI and ICS
Stefano Lucchini, Giovanni Malagò and Andrea Abodi launch the three-year collaboration between the Foundation for Financial and Savings Education, CONI and the Istituto per il Credito Sportivo to raise awareness among athletes on issues of economic citizenship, management…
Savona: fintech and cryptocurrencies run fast, global rules are needed
The Consob president warns against the risk of proliferation of different regulatory frameworks between countries. The case of cryptocurrencies. Innovation must be legitimized by clear and coordinated rules or savers are more exposed
Generali, Consob approves the takeover bid for Cattolica and scrutinizes the appointments
The battle among Generali's top management heats up in view of today's Appointments Committee and Monday's board which must decide on whether or not to present a list of the outgoing board of directors, confirming or not Donnet's leadership,…
Pop Bari: 3 thousand savers admitted as civil party to the trial
Only the shareholders who had accepted the settlement agreement proposed by Popolare di Bari were excluded. This was decided by the Court of Bari in the last hearing in the trial against the former heads of the institute. He will return to court next September
Farewell to Filippo Cavazzuti, master of economics and elegance
After a long illness, Filippo Cavazzuti, great economist, university professor, pupil of Nino Andreatta and right-hand man of Carlo Azeglio Ciampi, senator of the independent Left for 4 legislatures and Consob commissioner, passed away - - The message of…
Financial disputes: 6 million in compensation in 13,5 months
Appeals presented since the beginning of the year are on the rise, most of which come from Southern Italy - Serious critical issues encountered in the information prior to the investment - Compensations are also growing
Bitcoin, sos Savona (Consob): "I'm a loose cannon"
In the meeting with the market, the president of Consob, Paolo Savona, recalled the urgency of adequate regulation of cryptocurrencies, which otherwise risk distorting the normal functioning of the markets by exposing them to high risks
Oil runs, stock exchanges at highs and bonds down on the eve of the Fed
Oil opens the week at a high and Goldman Sachs expects it to reach 80 dollars a barrel - Waiting for the Fed meeting - Consob meeting with the market today with the report from President Paolo…
Cryptocurrencies, Consob and Banca d'Italia warn
Bitcoin's recent records have turned the spotlight on crypto-assets, but they present major risks of volatility, malfunction and cyber-attacks
Public nominations, another 50 seats up for grabs
In the Government's nomination dossier there are not only the renewals of the subsidiaries - starting with the CDP and the Fs - but around fifty other positions in public bodies and bodies that are coveted by many: here's what…
Takeover bid, more delisting than takeover but the defect is not in the law
A recent Consob study argues that the Italian rules on takeover bids are used more for delisting than to increase the contestability of companies, but the real problem does not lie in the current regulation but in the nature of Italian capitalism, which…
Cattolica Assicurazioni: no takeover bid for Generali
Generali can increase up to 26,9% of Cattolica Assicurazioni by purchasing the shares subject to withdrawal without having to launch the tender offer: Consob established it on Christmas Eve
Consob closes a week: Savona is positive
Covid-19 has also affected Consob which will be closed for a week, the president Paolo Savona having tested positive
Investments, Consob alarm: 11 abusive sites blocked
They were offering investment products but were not authorized to do so - In all, 2019 abusive trader sites have been shut down since July 279
Insurance investments: Ivass and Consob increase protection
The two Authorities have launched a series of regulatory changes to standardize the rules on the distribution of insurance investment products - Here are the main changes
Intesa-Ubi: Ops kicks off on 6 July
Consob gives the go-ahead for the operation - The acceptance period will begin on July 6 and end on July 28 - The Ubi board of directors will pronounce its decision next week - The uncertainty of the Antitrust judgment remains in the background. The reasoned comment…
Fca, last yes to the wedding with Psa. Ok Consob to Ops Intesa-Ubi
After the go-ahead from the PSA assembly today it's up to the Fiat shareholders to approve the marriage of the car - Meanwhile Consob says yes to Intesa's Ops on Ubi and Mps shines on the stock market for the launch of the bad bank - License to speculate…
Intesa Sanpaolo: Consob restarts the preliminary terms on the Ops
The new deadline for the pronouncement on the Ops has been set by the Authority led by Paolo Savona for Sunday 28 June
Cattolica is preparing a 500 million increase
The Venetian insurance company, at the request of Consob, updates the information on capitalisation, solvency and liquidity and confirms that at the meeting of 27 June it will ask for the proxy for a capital increase consistent with the requests of IVASS
Consob, Savona proposes perpetual BTPs: "Like in war"
The President of the Commission proposes issuing securities with no maturity date that guarantee a perpetual fixed coupon to support the restart of the economy - Savona also suggests favoring popular shareholders "to avoid the return of the State"
Mattarella at Consob: "Encourage the strengthening of businesses"
On the occasion of the annual meeting between Consob and the financial market, the President of the Republic underlines that Piazza Affari can play "a significant role in the restart of the country" - Now, however, we need to focus "on the strengthening and growth of businesses" -…
Btp Italia boom but short selling knocks out the Stock Exchange
Purchases of Italian BTPs now exceed 8 billion in just two days - Piazza Affari, on the other hand, where the end of the ban on short selling overwhelms the banks but also Tenaris, Tim and Recordati - Spreads in…
Strategic enterprises, the Government ready to shield them
Faced with the risks of takeovers hostile to strategic companies on the wings of falling stock market shares, governments are locking down essential assets - Strengthening is a path that could pass, according to what Conte told…
The silence of Consob and the blindness of Confindustria
What are Consob waiting for to suspend the Stock Exchange is incomprehensible in its silence. The agitation of Confindustria, which considers the right to health of workers negotiable like any other right, instead recalls the owner of the ironworks of the nineteenth century - In…
Bank of Italy and Consob, agreement for better customer protection
Memorandum of understanding between the two financial Authorities to favor the collaboration between the Financial Banking Arbitrator headed by Bankitalia and the Arbitrator for Financial Disputes headed by Consob
Stock Exchange: Short selling prohibited for three months
After the stops imposed by the authorities of France and Spain, Consob also takes the field to try to contain the strong speculation deriving from the Coronavirus emergency - 48 stocks affected, here is the complete list
Sole 24 Ore, Consob fines Kpmg for budget tricks
The company was in charge of auditing the 2013, 2014 and 2015 financial statements of Il Sole 24 Ore: the fine amounts to a total of 250.000 euros.
Short Selling: What is it? The list of “prohibited” securities
The heavy losses of March 12 prompted Consob to ban short selling on 85 securities - Here is the complete list, the causes and consequences of the decision
Stock Exchange, Consob prohibits short selling after Black Thursday
After yesterday's stock market crash, emphasized by Lagarde's gaffe, Consob intervenes - But the Asian stock exchanges continue to lose - A rebound is expected in Piazza Affari, but the markets remain in shock
Insurance: the revolution arriving on the market
The European Directive on the distribution of insurance products is revolutionizing the relationship between companies and banks and between vendors and consumers/investors as emerged from a conference at the Sapienza University of Rome with Ivass, Consob, Ania, Abi and many academics
Stock Exchange: companies that are not very contestable, but more women on the board
According to the latest Consob report on the governance of listed companies, the presence of women on boards has never been so high - However, female CEOs are still a rarity - Institutional investors hold less than 27% of the market
The Stock Exchange faces the Coronavirus emergency: Consob ready to act
Stock markets and oil down in Asia, while gold and bonds fly - Recession risk for Italy in quarantine - Mustier will not go to HSBC
Hera, Lazard above 5%: share at all-time high
The US fund rises to 5,043% of Hera's share capital - After the industrial plan and preliminary data, analysts raise the target price - Title on the shields at Piazza Affari
Bankitalia and Consob together for Cybersecurity
The two institutions have agreed on a common strategy to strengthen various infrastructures of the Italian financial system - The goal is to protect citizens, administrations and operators
Scams, Consob brings the "Ponzi scheme" to the theater
Consob staged the Ponzi scheme in Rome, one of the most famous financial scams of all time. The model, conceived a century ago by the Italian Charles Ponzi, is still very topical, at the basis of online and offline scams. The event…
Carige, capital increase at the start: here is all the information
The 700 million increase started this morning at 9 after receiving the conditional approval from Consob - The securities may not be readmitted to the Stock Exchange - Carige will sell to Amco Nel for a gross 2,8 billion
Cattolica Assicurazioni, the spotlights of Consob and Ivass on the Minali case
The two Authorities have summoned the former CEO of the Veronese company because they want to clarify the reasons for his sudden departure - A recommendation to Parliament and the Government on the governance of listed cooperatives is not excluded - Not for…
Current accounts, shares, bonds: 30% of Italians don't know them
The Consob Report on the investment choices of Italian families confirms the country's low level of knowledge and financial literacy which requires a clear leap in quality of educational initiatives
Online trading: Consob obscures 5 abusive sites
Based on the powers obtained with the Crescita decree, the Commission ordered the shutdown of 5 financial services sites that operated in Italy without authorization
Camfin to members: surcharge on Opa 2013 to a non-profit
The Council of State annulled the Consob resolution which required Lauro 61 to raise the tender offer price from 0,80 to 0,83 euro per share
Bio-On, Consob investigates and the stock collapses again
According to La Stampa, Consob is carrying out investigations to verify that no one has disseminated misleading information to influence the share - The Bologna Public Prosecutor's Office is also investigating - Yet another day of fire on the stock exchange
Insurance investments: here are the new Consob-Ivass rules
Compulsory consultancy on complex products, declaration of compliance with customer needs, news on the information to be provided before the sale and more: this is what changes with the transposition of the European IDD directive
Scams, Consob obscures 22 abusive financial services sites
Consob has made use of the new rules established by the Growth Decree - Here is the list of blocked sites
Sole 24 Ore: Consob fines Napoletano and Treu
Together with the former director and the former CEO, 3 former managers were also sanctioned. And Confindustria, in the preliminary hearing of the trial on the past management of the newspaper, enters a civil action against Treu, Benedini and Napoletano
Moratti (UBI) on Bankitalia and Consob: "Supporting growth and reassuring the markets"
In Milan, the bank brought together an audience of entrepreneurs and finance professionals for the usual appointment dedicated to the debate and analysis of the annual speeches given by the Governor of the Bank of Italy, Ignazio Visco and by the President of Consob,…
Consob, Savona: "Unfounded fears about Italian public debt"
On the occasion of his first annual report, the president of Consob defends the government line and launches the proposal for a European bond. To revive confidence, a 20 billion public-private investment plan is useful
"Beware of Scams": the Ponzi scheme is on stage
On Tuesday 28 May "Beware of scams" will go on stage at the Pime Theater. A show promoted by Consob for financial information. It is inspired by the scheme of the famous con man Charles Ponzi.
Public appointments: not only Bankitalia on the agenda
The go-ahead for the new Bank of Italy directory remains the most important open chapter for public appointments, but Treccani, Istat, Anvur and more are also on the agenda
Listed companies, Consob: 86% is under armored ownership
The 2018 Corporate Governance Report confirms that the prevailing control model (two out of three companies) continues to be the family one - The presence of women on boards is still limited, but still at an all-time high - In hand…
Di Maio and Salvini against Bank of Italy: delirium with two faces
Di Maio claims that "discontinuity" is needed in the Directorate of the Bank of Italy but, while today he opposes the confirmation of the deputy director Signorini, in October he gave the go-ahead to the other deputy director Panetta, who has the supervision of the disputed Supervision: two weights …
Consob: agreement on Savona president, but risk of incompatibility
After months of controversy Lega and M5S have found an agreement - Ok from the Council of Ministers, interim from the Ministry of European Affairs to Conte - Marcello Minenna, pushed to the last by the orthodox wing of the Five Stars, will be general secretary - Su…
The Government pampers the "small is beautiful" but favors stagnation
In the context of a marginal and declining financial capitalism greedy for debt, it is not surprising the fall in private investments which, together with the small size of the companies, marks the economic stagnation since the 90s and that the populist government is careful…
Consob, Paolo Savona towards the presidency
The current minister of European affairs is in pole position for the appointment to the presidency of the Authority that supervises the stock exchange and financial markets: Conte and Mattarella like him and he would remove the embarrassing candidacy of the pro-grillino Minenna from the table
Consob, Minenna: the 3 defects of an unsustainable candidacy
The law provides that the President of Consob, in addition to being competent, is a person of "undisputed independence" but, in addition to other defects, this is not the case of Marcello Minenna, former councilor for the budget of the 5 Star Council of Rome and…
Carige, title suspended for the entire commissioner
This was decided by Consob, which already yesterday after the news of the decay of the board of directors had suspended negotiations on Carige - The former CEO (now commissioner) Innocenzi: "The institute is well capitalized and has clear governance. No risk of instability ".
Appointments: Consob, skip Minenna. Three candidates for the Antitrust
Red disc from the Quirinale for the promotion of the eurosceptic Marcello Minenna to the presidency of Consob, who remains in the balance between internal or, more likely, external appointment, where there is no shortage of candidates
Camfin: Council of State rejects Consob on the 2013 tender offer price
According to the administrative judge, there was no collusion between the bidder and the seller Malacalza: therefore it was unjustified to impose the increase from 0,80 to 0,83 euro per share.
Consob, M5S-Lega tug of war: Minenna or Masciandaro
Final battle between Lega and Cinque Stelle for the appointment of the new president of Consob - Di Maio supports the eurosceptic Minenna, former councilor of the Giunta Raggi in Rome, while Salvini would prefer a true Bocconian like Donato Masciandaro
Savings, how to invest? Beware of “mental traps”
FINANCIAL EDUCATION - When faced with a choice, our brain works in ways that we ourselves are not aware of and that often come from instinct: mechanisms that explain, for example, why so few people choose supplementary pensions,…
Online trading, Consob attacks pirate sites: 183 affected
The Commission pushed by the now resigned Mario Nava has intervened to stem the explosion of sites out of control, dangerous for savers. About eighty have been closed, others have received heavy fines. The data should have been presented in a hearing in the Senate,…