External Controls
 

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Mediobanca is registered as a bank and as a banking group (registration no.10631) in the registers operated by the Bank of Italy. It is also an issuer of securities listed on the regulated Milan stock market.

Accordingly, Mediobanca is subject to supervision and to the regular reporting and information requirements established by certain authorities, notably the bank of Italy and Italian stock market operator Consob, and complies with all regulatory requirements connected with listing.

Audit of the company’s full-year financial statements and interim accounts, and other activities provided for under D. Lg. 39/10 of the Italian Consolidated Finance Act are the responsibility of PricewaterhouseCoopers appointed as external auditors until the date on which the financial statements for the year ended 30 June 2021 are approved.

Authorites

Bank of Italy:
The Bank of Italy checks that banks and financial intermediaries are run soundly, that is that they carry out their business in full compliance with the regulations in force, and prudently, that is, that they do not put their own existence and the money entrusted to them at risk in order to make profits. It also directs its supervisory activity to promote overall stability, efficiency and competitiveness of the financial system. Finally, it protects the transparency and correctness of operations and of banking and financial services with a view to continuously improving relations with customers.
To this end it:

  • Issues technical regulations, and checks that these are applied
  • Monitors the sound and prudent management of intermediaries through review of the documentation and inspections at their offices
  • Penalizes improper and non-transparent behaviour towards customers

www.bancaditalia.it

 

European Central bank (ECB)

As from November 2014, pursuant to EU regulation no. 575/2013, the ECB exercise prudential supervision over Mediobanca and its Group companies CheBanca! and Mediobanca International (Luxembourg) on a consolidated basis.

www.ecb.europa.eu/home/html/index.en.html

Consob:
The objective of the activities of Italian stock market regulator Consob (Commissione Nazionale per le Società e la Borsa) is to protect investors and to ensure the efficiency, transparency and development of stock markets.
Its functions have developed gradually over time in relation to the need to extend the scope of protection of savings and in line with the gradual changes in the financial market and legislation in this area.

www.consob.it

 

Borsa Italiana
Borsa Italiana is the organization responsible for the organization, operation and functioning of financial markets. Its main objective is to develop the markets and maximize their liquidity, transparence, competitiveness and efficiency.
Its main responsibilities include:

  • Monitoring the correct execution of trades;
  • Defining the requisites and procedures for admission to listing and retaining listed status for issuers;
  • Defining the requisites and procedures for admission for intermediaries;
  • Managing information in respect of listed companies.

www.borsaitaliana.it

 

 

External Auditors

The company’s accounts are required by law to be audited by an external auditor, which is appointed by shareholders in general meeting based on the Statutory Audit Committee’s reasoned proposal.
The duties of:

  1. audit of the Bank’s statutory financial statements;
  2. audit of the Bank’s consolidated financial statements;
  3. checking that the company’s books have been kept properly during the year and that operating data has been entered accurately in the accounts;
  4. limited audit of the company’s interim financial statements;
  5. signing off the “Unico” and “770” tax declarations

are the responsibility of PricewaterhouseCoopers appointed as external auditors until the date on which the financial statements for the year ended 30 June 2021 are approved.

The partner responsible for this appointment is Mr Marco Palumbo.

Last update: 05/07/2016