Consob has published the Fintech Research Paper entitled “A machine learning approach to support decision in insider trading detection”.
(Only in Italian)
Banca d’Italia ha pubblicato una raccomandazione in materia di modelli IRB ai fini della misurazione del rischio di credito.

La raccomandazione, rivolta alle banche sottoposte alla vigilanza diretta della Banca d’Italia, agli intermediari finanziari e alle SIM di classe 1 minus, sintetizza le aspettative dell’Autorità di vigilanza in relazione alla definizione dei piani di sviluppo dei modelli IRB.
(Only in Italian)
L’IVASS ha pubblicato il nuovo Bollettino statistico sulla produzione vita che offre una fotografia della raccolta premi e dell’offerta assicurativa nel settore vita.
The International Organization of Securities Commissions (IOSCO) has published a report identifying that identifies sound education practices for securities regulators to consider in a crisis situation to support investor protection.
In particular, IOSCO points out, many regulators continued, expanded and/or adapted their financial education activities for investors to support their protection throughout the pandemic.
Well before COVID-19, regulators were already working to protect investors who had limited investment knowledge and faced an array of complex investment choices, while also addressing behavioural biases that could hurt investors.
However, the report highlights that the pandemic introduced new challenges and exacerbated some existing issues.
For example, the COVID-19 period featured high levels of market volatility, an upward trend in self-directed investing, an increase in gamification of investing and growing investor reliance on social media for advice, as well as a surge in frauds and scams in a context of increased retail investor participation.
Therefore, IOSCO emphasises the need to ensure high quality measures to protect investors and enhance their financial education in the future.
Indeed, some of the changes observed during the pandemic are expected to endure, e.g., it is easier to participate in the financial market today than ever before and retail investors continue trading riskier investments, while regulators report a higher volume of investor claims and complaints.
The report proposes seven sound practices that regulators should consider when designing financial and investor education initiatives to mitigate and address retail investor risks and vulnerabilities during periods of crisis.
The report also provides practical examples of the financial education and investor protection initiatives implemented by different jurisdictions from both developed and emerging markets.