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Consob makes new appointments in the middle of clampdown
Chris Hamblin
23 September 2019
Nori has a great deal of experience in the public and private sectors, having been the director general of INPS between 2009 and 2015 and the deputy Chief of Cabinet at the Ministry of Economy and Finance. Most recently he has been a concillor at the European Union's Court of Auditors. Ms Tiziana Togna was the head of Consob's intermediaries division. Consob has ordered to internet providers to block public access to 23 internet websites offering financial services without its permission, making use of the new powers that it recently acquired in the "growth decree" (law no 58 of 28 June 2019, article 36, paragraph 2-terdecies). The companies and websites are as follows. Consob regulates private banks that execute orders on behalf of clients and perform foreign exchange services that are connected to the provision of investment services, and also private banks that provide advice, manage portfolios and do safekeeping and administration of financial instruments for the account of clients, including custodianship and related services such as cash/collateral management.