Core areas for BonelliErede's practice are digital payment systems, smart contracts, blockchain technology, digital lending, crowdfunding, debt and equity instrument issuances, big data, algorithms and virtual currencies. The firm’s investigation practice focuses on banks and supervised entities’ potential civil, criminal and administrative issues. Giuseppe Rumi's expertise encompasses banking and insurance regulations, fintech, digital innovation and payment services. Other advisers are Andrea Savigliano, whose workload includes supervised entities’ reorganisations, and banking and financial regulation practitioner Giulio Vece. Former partner Federico Vezzani departed the firm in January 2024 .

Chiomenti leverages the bench strength of specialists in the regulatory frameworks of banks, investment firms, asset managers, insurance companies and payment institutions. The experience of practice head Alessandro Portolano covers ordinary and extraordinary transactions, proceedings before Italian and European Regulators and structuring business models and new market entries. The group also features Vincenzo Troiano, who advises banks, payment institutions, institutional and international investors, and insurance and asset management companies; Felice Azzollini, whose career includes working at CONSOB; and Flavia Pagnanelli, an adviser on the regulation of banking, insurance, finance, investment and asset management schemes.

Bird & Bird's wide-ranging expertise covers investment services, compliance with capital requirements, marketing investment funds and issuing financial products. Other key areas range from market abuse, insurance distribution and fintech, to sustainable finance regulation, AML, derivatives, consumer credit and payment services. Financial regulation specialist Raimondo Maggiore heads the banking and financial markets regulation department, which features Stefano Febbi, an expert in banking, financial services and insurance regulation; and Rossella Sansone, who routinely advises on asset management and financial services. Other active practitioners are Annapaola Schino, Diego Bobbo and Diego Cefaro.

Clifford Chance's Italy team is experienced in acting for domestic and international groups, arrangers and financing banks on the regulatory side to finance transactions. The group also assists with fintech-related issues. In 2022, Giuseppe De Palma was appointed global financial markets regional practice leader for Continental Europe, while Lucio Bonavitacola leads the investment funds and regulatory group. Other key figures are Charles Adams, Ferdinando Poscio and Gioacchino Foti; and in May 2023, Francesca Cuzzocrea was promoted to senior counsel. Riccardo Coassin is another name to note.

Particularly focused on private banking services, FIVERS Studio Legale e Tributario's Milan team advises on the regulatory aspects of banks’ and intermediaries’ corporate governance, investment and banking services, and the issue of banking and finance products. The group is co-led by Francesco Di Carlo, who provides non-contentious assistance to banks, investment and asset management companies, private funds, insurance companies, trust entities and listed companies; and Edoardo Guffanti, an expert in market abuse, internal control systems and corporate governance. Other key figures are Flavio Acerbi, Debora Gobbo and Camilla Fornasaro.

Gianni & Origoni‘s team advises on the distribution of banking, financial and insurance products. It is also experienced in compliance, AML and market abuse. Emanuele Grippo ‘stands out as a particularly competent and business-oriented professional’; Paolo Bordi advises on the regulatory issues surrounding banking, finance, investment services, insurance and asset management; and Marco Zaccagnini is the principal figure in London. The practice further includes financial regulatory law expert Claudia Colomba, a December 2023 recruit from Hogan Lovells International LLP. Since publication, Raffaele Sansone left the firm.

‘Very good at liaising with regulators to find innovative solutions', Hogan Lovells International LLP's recent experience includes acting for governments, governmental entities and independent authorities on Brexit and ESG issues. Qualified in Italy, the UK and the US, Italian financial services and asset management team leader Jeffrey Greenbaum focuses on financial entities’ authorisation, distribution and regulatory issues, as well as on regulatory inspections. Elisabetta Zeppieri advises banks, financial intermediaries and payment and e-money institutions on banking and payment services, fintech and financing, along with AML, consumer credit and banking transparency.

Legance - Avvocati Associati‘s financial intermediaries regulations practice acts for banking, financial and insurance clients on an array of regulatory matters, including related litigation and M&A deals. The ‘skilled and technical’ Marco Penna predominantly focuses on investment services, securities offerings and off-site offerings; Giuseppe Alessandro‘s practice encompasses both regulatory issues and compliance matters, along with capital requirements, internal governance, general business activities and product governance; and Giovanna Tassitano advises banks, insurance companies and financial institutions on regulatory issues. Banking, financial services and asset management regulation specialist Federico Vezzani joined the group in February 2024 from BonelliErede, while former partner Marco Romanelli departed the firm in July 2023.

In January 2024, Pedersoli Studio Legale and Gattai, Minoli, Partners merged to form PedersoliGattai. The firm’s financial regulations practice advises Italian and international, listed and unlisted regulated entities on a range of regulatory matters, including assisting with the management of relations with the supervisory authorities. ‘Exceptional regulatory lawyer' Andrea Calvi heads up the financial regulations department; Giulio Sandrelli advises banks, financial intermediaries and asset management companies on regulatory issues; and Stefano Giavari, who is experienced in financial markets’ regulations, focuses on investment services, investment funds schemes and securities offerings.

Simmons & Simmons' Milan-based financial services regulatory practice comprises specialists in the Financial Services and Markets Act 2000, EU legislation, investigations, disputes, derivatives and commodity trading. Experienced in assisting with cross-border MiFID licences granted by CONSOB, Romeo Battigaglia heads up the financial services regulation group; Andrea Tonon leads the Italy alternative funds team; and Maria Giusy Naccarato has wide-ranging expertise in the asset management and financial institutions sectors. Another name to note is Mirella Di Carlo, who focuses on financial markets and regularly advises on cross-border regulatory projects.

Particularly active in the payment services and fintech sectors, Alma LED's banking and financial regulation team covers crowdfunding, peer-to-peer lending, mobile payments and payment aggregators. Banking and financial regulation team head Marco Zechini is a specialist in banking, financial and payment services regulation, as well as AML matters. The workload of Luca Benvenuto, who coordinates the Rome office’s offering, includes banking transparency and AML work. Experienced lawyer Sergio Visalli assists banks and financial institutions with the regulatory side to investment services, and banking and financial products.

Boutique law firm Atrigna & Partners specialises in financial market regulation. Toni Atrigna focuses predominantly on the regulatory side to market rules, investment services and collective asset management activities, as well as market abuse regulations; and Alberto Manfroi is a financial market law specialist. Other key figures are Gian Luca Greco, who is ‘recommended for his ability to think outside the box'; and regulatory banking and financial law head Dino Abate.

Cappelli Riolo Calderaro Crisostomo Del Din & Partners‘s financial services regulation department comprises experts in the regulatory frameworks of banks, investment firms, asset managers, insurance companies and payment institutions. Michele Crisostomo is a banking, insurance and financial regulation specialist; Silvio Riolo is experienced in financial derivatives; and Gabriele Buratti advises on banks’ control systems. Alessandra Davoli regularly assists with the regulation of capital adequacy and investment services, as well as with market abuse issues.

CMS' Italy practice is particularly active in relation to the regulatory aspects of investment services, asset management, insurance, fintech and payment services. The Rome-based group’s workload covers compliance issues, along with updates on legal developments. ‘Clients are in very good hands' with practice head Paolo Bonolis; Domenico Gaudiello is a renowned public finance sector expert; and Andrea Arcangeli focuses on alternative investments. Domenico Musso also maintains an active regulatory practice.

‘Well-recognised in the market‘, Dentons' Italian financial services team is highly active in deals involving bank regulatory issues. Italy financial services head Alessandro Engst focuses on financial institutions’ regulations, investment funds and derivatives; and Alessandro Fosco Fagotto heads up the firm’s Italy banking and finance department. The practice further features Valerio Lemma, an adviser on on banking, financial and insurance regulation and asset management, and ‘outstanding lawyer' Lorenzo Toppini.

Part of its Italy finance, projects and restructuring group, DLA Piper's financial services team advises on a broad range of banking and financial regulation-related domestic and cross-border matters. Examples include AML issues, derivatives, usury law, payment services, e-money and crypto assets. Heading the team, Agostino Papa has significant financial and banking regulation experience, while Vincenzo La Malfa's workload includes derivatives. Nicoletta Alfano also focuses on financial services regulation.

Boutique corporate and financial services firm Lener & Partners provides a comprehensive service for financial services regulation issues, including contentious and restructuring-related matters. The practice’s expertise includes setting up banks, asset management companies, investment firms and insurance companies, as well as financial intermediaries that provide regulated services. The team is led by Raffaele Lener, ‘one of the most authoritative Italian lawyers for regulatory matters'. Lener is supported by Grazia Bonante and Sonia Locantore.

White & Case (Europe) LLP‘s Italy team advises on the financial regulatory aspects of Italian and EU banking sector-related M&A and capital markets transactions. The Italy financial services regulatory practice in Italy is led by banking, financial, payment services and asset management regulations expert Alessandro Zappasodi. The other key team members are Licia Mongiello, whose practice covers authorisation procedures before Italian and EU supervisory authorities and Andrea Lamonica who advises on banking, financial and insurance regulatory issues.

ADVANT Nctm's financial services regulation practice covers the regulatory side to payment sector-related fintech matters. It is also experienced in regulatory compliance work. Danilo Quattrocchi advises on corporate governance, capital requirements, anti-money laundering issues and the transparency and conduct rules applicable to the distribution of banking and financial products.

Civale Associati's banking regulatory practice features Fabio Civale, an expert in the regulatory aspects of investment firms and management companies, particularly in relation to financial, banking and insurance services and products, collective portfolio management and AML. Civale is supported by Alberto Debernardi, Alberto Debernardi, Sebastiano Zanco and Federico Cattaneo.

EY TAX & LAW ITALY‘s team routinely advises on the regulatory side to corporate issues, as well as on acquisition, corporate and real estate finance deals. The practice additionally assists with the regulatory obligations of regulated entities. Providing ‘excellent guidance’, Milan-based Michele Odello heads up the banking and finance regulatory group.

GIM Legal's team covers the regulations that apply to financial activities. It also advises banks on banking regulations, including capital reserve regulations, risk management and regulatory compliance. Investment funds regulation expert Luigi Rizzi is a former CONSOB regulator, while the firm’s operations partner Sergio Beretta is another key figure.

In September 2022, LCA Studio Legale hired financial services regulation specialist Umberto Piattelli in Milan as practice head from Osborne Clarke. Further growth includes the January 2023 recruitment of Rome-based Giancarlo Ranucci from Gianni & Origoni; Ranucci’s wide-ranging financial services regulation practice covers the rules surrounding insurance and the structuring of financial products.

Lexia's team focuses on fintech, open banking, payment services and e-money, along with blockchains, decentralised finance, crypto assets and alternative investment vehicles. Angelo Messore advises on the regulation of banking, financial, insurance, investment and payment services, while Francesco Dagnino is particularly experienced in the technology and fintech sectors.

Molinari Agostinelli's team advises financial services companies on joint ventures, distribution partnerships, product launches and asset management and banking regulation. It also assists with the implementation, maintenance, evaluation and monitoring of organisational models. Group head Nicolò Juvara, who has an active financial services practice, is supported by Daniela Runggaldier.

Osborne Clarke's ‘very committed team‘ comprises experts in investment and asset management, ESG integration, and fintech and digital payments. The group’s specialisms also include peer-to-peer lending. Heading up the firm’s Italian banking and finance regulatory department, longstanding regulatory expert Nunzia Melaccio is a January 2023 partner hire from Studio Alpeggiani.