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Transactional advisory services
Find out more about the transactional advisory services of Grant Thornton Financial Advisory Services
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Valuations
Find out more about the valuations services of Grant Thornton Financial Advisory Services
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Mergers and acquisitions
Find out more about the merger and acquisition services of Grant Thornton Financial Advisory Services
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Forensic and investigation services
Find out more about the forensic and investigation services of Grant Thornton Financial Advisory Services
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Recovery & reorganisation
Find out more about the Recovery & reorganisation services of Grant Thornton Financial Advisory Services
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Business risk services
Find out more about the business risk services of Grant Thornton Financial Advisory Services
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Business consulting
Find out more about the business consulting services of Grant Thornton Financial Advisory Services
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Capital market
Capital market
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Corporate and business tax
Find out more about our corporate and business tax services.
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Direct international tax
Find out more about our direct international tax services.
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Global mobility services
Find out more about our global mobility services.
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Indirect international tax
Find out more about our indirect international tax services.
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Transfer pricing
Find out more about our transfer pricing services.
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Litigation
Our lawyers and accountants can manage all defense measures provided not only by the Italian law, but also by EU regulations and conventions
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Family business
Find out more about our Family business services.
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Legal
The client can be assisted in every need and with the same care both on important operations or disputes and on simple matters
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Back office outsourcing
Find out more about our Back office outsourcing services
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Business process outsourcing
Find out more about our business process outsourcing services.
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Compilation of financial statements
Find out more about our compilation of financial statements services.
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Tax compliance
Find out more about our tax compliance services.
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Electronic invoicing
Find out more about our electronic invoicing services
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Electronic storage
Electronic storage is an archiving procedure that guarantees the legal validity of a digitally stored electronic document
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Revaluation of corporate assets
Find out your civil and fiscal revaluation of tangible, intangible and financial assets
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Human resources consulting
Find out more about our human resources consulting services.
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Payroll
Find out more about our payroll services.
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HR News
HR News the monthly information newsletter by Grant Thornton HR
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Cybersecurity
GT Digital helps clients structure information security management internal functions, also through partially or totally outsourced functions
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Agile and Programme Management
GT Digital provides support in the adoption and implementation of different portfolio management
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Robotic Process Automation
Our “BOT Farm” can rely on digital workers able to help clients in routine activities, allowing employees to deal with more added-value activities
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Data strategy and management
GT Digital can support clients in seizing the opportunities offered by Big Data, from the definition of strategies to the implementation of systems
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Enterprise Resource Planning
We support clients in selecting the most appropriate ERP System according to their specific needs, helping them also understand licensing models
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IT strategy
GT Digital supports clients in making strategic choices, identifying innovation opportunities, comparing themselves with competitors
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IT service management
We can support with software selection and with the implementation of dedicated tools for the management of ICT processes
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DORA and NIS 2
The entry into force of the DORA Regulation and NIS2 represents a major step towards the creation of a harmonised regulatory framework
BANKING SERVICES
2021 EU-wide stress test
EBA has published the results of the 2021 EU-wide stress test, which involved 50 banks from 15 EU and EEA countries. We imagine a prolonged Covid-19 scenario in a context of “lower-for-longer” interest rates. the EU banking system as a whole would see its CET1 reduced by 485 bps after three years, although remaining above 10%.
EBA updates the mapping between the ITS on Pillar 3 disclosures and the ITS on supervisory reporting (v3.0)
EBA has published an update of the Excel sheet that reconciles the information required by Pillar III with that included in the Supervisory Reporting in order to ensure its consistency.
Commission Implementing Decision (EU) on the equivalence of the supervisory and regulatory requirements of certain third countries and territories for the purposes of the treatment of exposures in accordance with Regulation (EU) No 575/2013 of the European Parliament and of the Council
The proposed modification of the list of equivalent third countries for the purposes of Banking Supervision provides for the inclusion of Bosnia and North Macedonia.
Commission Delegated Regulations (EU) 2021/1348 of 6 May 2021 supplementing Regulation (EU) 2016/1011
5 new EU Regulations have been issued that amend EU Regulation 2016/1011 which establishes common European Union rules to prevent the manipulation of benchmarks that could affect the price of financial instruments or financial contracts such as loans or mortgages. The aforementioned Regulations apply from 1 January 2022.
The EBA updates data used for the identification of global systemically important institutions (G-SIIs)
EBA has published the Guidelines on the 12 indicators and updated the underlying data of the 31 major EU institutions. On the basis of these, the subset of banks defined as global systemically important institutions (G-SII) will be defined.
ANTI-MONEY LAUNDERING
Consultation document on the draft Guidelines on the role, duties and responsibilities of the AML / CFT manager
These EU guidelines establish clear expectations on the role, duties and responsibilities of the AML / CFT compliance manager and the management body and on how they interact, including at group level.
ICT AND CYBERSECURITY
Establishment of the National Cybersecurity Agency
Conversion into law of the decree-law June 14, 2021, n. 82, containing urgent provisions on cybersecurity, definition of the national cybersecurity architecture and establishment of the National Cybersecurity Agency.
Opinion of the European Central Bank on a proposal for a regulation of the European Parliament and of the Council on digital operational resilience for the financial sector
The ECB's opinion on the proposal for a regulation of the European Parliament and of the Council on digital operational resilience for the financial sector highlights:
- that it is necessary to pay attention to the interaction between the proposed regulation and the NIS directive.
- that more clarity is needed for the "near misses" management
- its OK to voluntary sharing of information on cyber threats
that it the inclusion of specific rules on personal data and data retention is suggested.
ESG
Call for feedback on the draft report by the Platform on Sustainable Finance on preliminary recommendations for technical screening criteria for the EU taxonomy
The EC report in consultation until September 24 describes the EU taxonomic approach for sustainable finance, the activities considered and the methodological framework followed.
Development of tools and mechanisms for the integration of ESG factors into the EU banking prudential framework and into banks business strategies and investment policies
The study, conducted by the European Commission, analyzed the integration of ESG factors in the risk management processes of banks, in corporate strategies and investment policies, as well as in prudential supervision. It provides a complete overview of current practices and identifies a range of best practices for the integration of ESG risks within the risk management and prudential supervision processes of banks.
INVESTMENT SERVICES
Consultation for the EONIA replacement rate index
Consultation on the replacement of the EONIA (Euro OverNight Index Average) with the Euro short-term rate (€ STR), published by the European Central Bank.
Consultation for the CHF LIBOR replacement rate index
Consultation for the introduction of the so-called “Risk Free Rates” (RFR). In particular, the document provides for the replacement of the London Interbank Offered Rate CHF (LIBOR CHF), the LIBOR interest rate for the Swiss franc, with the compound SARON.
Directive on undertakings for collective investment in transferable securities
"The proposed Directive will amend Directive 2009/65 / EC regarding the use of documents containing key information by the management companies of undertakings for collective investment in transferable securities (UCITS).
In particular, the proposal aims to avoid that two different pre-contractual information documents are made available to retail investors for the same UCITS. The key information document will also allow retail investors to compare the essential economic and legal characteristics of UCITS with those of other packaged investment and insurance products intended for retail investors (PRIIPs). "
Use of FinTech by central securities depositories (CSDs)
ESMA has gathered feedback from NCAs and relevant market participants on their experience and future use of FinTech and Distributed-ledger Technology (DLT), as well as on whether the current regulatory framework is an obstacle in the implementation of projects involving the DLT.
Implementation of the ESMA guidelines on stress test scenarios under the regulation on money market funds
Bank of Italy has implemented the new ESMA guidelines that apply from 29 August 2021 to money market funds as well as to MMF managers as defined in the FCM regulation, on stress test scenarios
INSURANCE SERVICES
Risk Dashboard 2021-1Q
EIOPA has released its Risk Dashboard based on Solvency II data regarding the first quarter of 2021. The results show that insurers' exposures to macro risks remain at a high level while all other risk categories remain at a medium level.
Calculation of technical reserves and own funds
Regulation containing technical information for insurance and reinsurance companies for the calculation of technical reserves and basic own funds for reports with reference dates starting from 30 June 2021 until 29 September 2021.
OTHER
High Earners Report – data as of end 2019
EBA has published a report on high remuneration in Banks with regard to year 2019. It reveals 4963 people who work for EU banks received a remuneration exceeding 1 million euros.
Requirements for assets received from money market funds in the context of resale purchase transactions
The regulation that defines the additional qualitative and quantitative requirements envisaged for the assets received by money market funds in the context of purchase transactions with resale agreement has been published.
The Regulation, which applies to banks and investment firms, provides that they are required to include, in the financial contracts they conclude and which are governed by the law of a third country, clauses that recognize the powers of suspension of the resolution authorities.
Regulation (EU) 2021/1421 for the adoption of new accounting standards IFRS 16 Leasing
The EU Regulation for the adoption of the new IFRS 16 Leasing accounting standards has been issued. It will be effective starting from 1 April 2021. Amendments to the concessions on the fees connected to COVID-19 after 30 June 2021 are attached,
Regulation concerning the register of non-possessing securities pledges
The regulation governs the establishment at the Revenue Agency of the computer register for the registration of non-possessing personal pledges.
The computer system will be implemented by the Revenue Agency within eight months from the date of entry into force of the Regulation in question.