Consob has ordered to be blacked out the following websites:

• “First State Investments (Ireland) Limited” (website www.fsi.cm and related pages https://webtrader.fsi.cm and https://client.fsi.cm);
• “FtseInvest” (website https://ftseinvest.com and related pages https://client.ftseinvest.comand https://webtrader.ftseinvest.com);
• “Partnersce” (website www.partnersce.cm and related pages https://client.partnersce.cm and https://webtrader.partnersce.cm);
• “AlfaMarket” (website https://alfamarketcapital.com and related page https://platform.platform-alfamarketpanel.eu);
• “Mestieriplaza” (website www.mestieriplaza.co).

The number of websites blacked out since July 2019 has thus risen to 1125.

Bank of Italy has published four new Working papers (nn. 1458-1461):

• No. 1461 – Geographic shareholder dispersion and mutual fund flow risk
• No. 1460 – The impact of macroeconomic and monetary policy shocks on the default risk of the euro-area corporate sector
• No. 1459 – Mortgage lending and bank involvement in the insurance business: the effects of cross-selling
• No. 1458 – Mom’s out: employment after childbirth and firm-level responses

two new Occasional Papers (nn. 869-870):

• No. 870 – The 2023 US banking crises: causes, policy responses, and lessons
• No. 869 – The Corporate Sustainability Due Diligence Directive (CSDDD): an analysis of the potential economic and legal impacts

and the No. 75 of the Newsletter on the economic research in Bank of Italy:

• Newsletter on the economic research No. 75 – July 2024

(Only in Italian)
IVASS has ordered to be blacked out the following websites:

• assicuratefacile.it
• www.servicemanin.it

EBA has launched a public consultation on the draft Handbook on independent valuers for resolution purposes.

The draft Handbook aims at enhancing convergence by providing best practices, high-quality methodologies and processes for the selection and appointment of independent valuers for resolution purposes, as well as examples on the application of these methodologies under some scenarios.

The EBA has developed this Handbook with the view of improving the process of selecting independent valuers and facilitating its implementation by resolution authorities.

The Handbook also identifies some types of safeguards or measures which could be set in place to mitigate the effects of the potential conflict of interest or circumstances hampering the independence of the valuer.

The Handbook is structured in a chronological order, covering actions before, during and after the appointment of the independent valuer. The preparatory arrangements include actions, such as market research, framework contracts and internal procedures. The Handbook includes specific sections dealing with the assessment of the valuer’s independence and the application of safeguards. Finally, after the appointment of the independent valuer, the Handbook includes aspects such as the maintenance of policies and procedures to identify and manage conflicts of interest.
The consultation will end on 19 September 2024.