BonelliErede’s financial regulatory practice has a strong market reputation for Italian banking sector M&A transactions, including authorisation procedures before the Italian authorities. The team also advises banks and investment firms on the rules governing investment services and banking; and it is increasingly mandated for asset management work. Giuseppe Rumi is a widely-respected banking and insurance regulation specialist; Anna Di Vilio focuses on asset management and investment funds; and Andrea Savigliano's practice encompasses corporate governance, compliance and anti-money laundering. Giulio Vece is another key banking and financial regulation practitioner.

According to one client, Chiomenti fields the ‘best financial regulatory practice in Italy’. The broad financial regulations practice ranges from prudential regulations and distribution arrangements, to organisational structures, extraordinary transactions, corporate governance and consumer matters. ‘Great with his advice’,  Alessandro Portolano‘s expertise covers the gamut of banking, financial, insurance, payment services and asset management regulations; Vincenzo Troiano‘s career includes working at the Bank of Italy; Felice Azzollini advises on banking, insurance and financial markets-related mandates; and Flavia Pagnanelli assists supervised entities from the banking, financial and insurance sectors.

Legance - Avvocati Associati‘s financial intermediaries regulations practice comprises specialists in the regulatory aspects of banking, finance and insurance. The team is co-led by Marco Penna, an expert in investment services, securities offerings and off-site offerings; and banking and insurance regulation specialist Federico Vezzani, a February 2024 recruit from BonelliErede, who ‘has deep knowledge of market practices’. The group also includes Giovanna Tassitano, an adviser to banks, insurance companies and financial institutions on regulatory issues; Giuseppe Alessandro, who focuses on banking, insurance and financial regulation; and corporate finance practitioner Armenia Riviezzo.

Core areas for financial market regulation boutique Atrigna & Partners are investment, banking and insurance services, along with anti-money laundering (AML), financial instruments and derivatives. The practice also assists with the regulation of listed companies, collective investment schemes, as well as market abuse, IPOs, public offerings, tender offers, fintech and crowdfunding. Toni Atrigna is ‘Italy’s AML expert’; Alberto Manfroi is a financial markets law expert; and Gian Luca Greco routinely advises on banking and investment services regulations. The practice also features Dino Abate, who focuses on regulatory legislation involving supervised intermediaries.

Bird & Bird's banking and financial markets regulation practice covers investment services, compliance with capital requirements, investment fund-related marketing, financial products’ issuances, and market abuse. The group is also experienced in insurance and insurance distribution, fintech, sustainable finance regulation, anti-money laundering, derivatives, consumer credit, payment services, and e-money. Raimondo Maggiore is a highly-regarded financial regulation specialist; Stefano Febbi focuses on banking and financial services, including payments and insurance regulation; and Rossella Sansone advises on asset management and financial services. The team further includes Annapaola Schino, Diego Bobbo and Diego Cefaro.

Clifford Chance's Italy practice is well known for advising domestic and international groups, arrangers and financing banks on investment grade, acquisition finance, export finance, syndicated loan, bond and debt restructuring transactions. Giuseppe De Palma is the firm’s head of global financial markets in Europe; Ferdinando Poscio is a leveraged finance and restructuring expert; and Lucio Bonavitacola ‘has a strong reputation’. The team further features Francesca Cuzzocrea, who advises on the gamut of real estate financings; export finance specialist Filippo Tassoni; and banking, finance and insurance regulation practitioner Riccardo Coassin.

FIVERS Studio Legale e Tributario's finance, banking and insurance department acts for banks, financial advisory firms, management companies, investment firms, family offices, insurance intermediaries and trust companies on banking and financial regulatory matters. Francesco Di Carlo is an expert in collective asset management, and the provision of investment, insurance and private banking services; and Edoardo Guffanti advises on banking and investment sector-related compliance. The group further includes market abuse specialist Flavio Acerbi, along with Debora Gobbo and Camilla Fornasaro.

Gianni & Origoni‘s team has significant experience in the regulation of banking, insurance, financial services, and pension and investment funds, as well as investment offerings on both primary and secondary markets. It also assists with listed issuers’ governance. The group is co-led by Emanuele Grippo, whose practice encompasses investment services, asset management, pension funds and securities regulation; corporate finance and financial and equity capital markets specialist Paolo Bordi; and London-based Marco Zaccagnini. Other key practitioners are Simone D’Avolio and Claudia Colomba. Former partner Raffaele Sansone departed the firm in June 2024.

Hogan Lovells International LLP's Italy practice is routinely sought out to advise major e-commerce players on Payment Services Directive Two (PSD2). Its recent workload also covers the Virtual Asset Service Provider (VASP) regime, along with the Markets in Crypto Assets Regulation (MiCA). European and Italian financial regulation specialist Jeffrey Greenbaum heads the financial services regulatory practice in Italy; Silvia Lolli assists with a range of insurance regulatory issues; and Elisabetta Zeppieri is an expert in banking and payment services, financing, anti-money laundering, consumer credit, banking transparency requirements, and fintech.

The result of a January 2024 merger between Pedersoli Studio Legale and Gattai, Minoli, Partners, PedersoliGattai's financial regulations department acts for banks, other financial intermediaries and fintech entities, on the regulatory aspects of M&A, fund formation, payment services, investment services and anti-money laundering. Andrea Calvi advises on banking, payment, insurance and investment services; Giovanni Bandera's wide-ranging practice covers the regulation of financial intermediaries; and Giovanni Giuliani focuses predominantly on financial markets law, asset management and investment funds. Other names to note are Giulio Sandrelli, Stefano Giavari and Alberto Prade.

An ‘invaluable partner for navigating complex regulatory challenges’, Simmons & Simmons' Italy practice acts for brokerage houses, investment exchanges, investment banks, commodity traders, asset management companies, and general insurance and life assurance companies on financial services and market regulatory matters. Financial services regulation group head Romeo Battigaglia has extensive knowledge of derivatives, structured products, financial instruments, asset management, investment funds, and market regulation; Andrea Tonon is the Italy alternative funds head; and Maria Giusy Naccarato regularly advises on cross-border regulatory projects. Other experienced figures are Enrico Leone and Mirella Di Carlo.

Alma LED advises on the regulatory aspects of banking law, investment services and structured finance. It is particularly focused on fintech, payment services and e-money. The banking and financial regulation team is led by Marco Zechini, an expert in banking, financial and payment services regulation, anti-money laundering and corporate governance. Luca Benvenuto focuses on CONSOB and Banca d’Italia-related regulatory issues; and Sergio Visalli  and Rachel Benvenuto are also experienced practitioners.

Cappelli Riolo Calderaro Crisostomo Del Din & Partners acts for domestic and international financial institutions on banking, insurance and financial regulation, as well as related compliance issues. Michele Crisostomo is an expert in both banks’ regulatory capital and the optimisation of capital structures for banks; Silvio Riolo advises financial institutions on banking, insurance and financial regulatory matters; and Gabriele Buratti specialises in banking, finance, investment, insurance, and collective asset management regulation.

CMS' regulatory expertise covers investment services, asset management, insurance, fintech and payment services. The Italy team also assists with crypto asset-related matters. Paolo Bonolis is the contact partner for several domestic and international banks and financial institutions; Domenico Gaudiello is a public finance sector specialist; and Andrea Arcangeli heads up the firm’s alternative investment team in Italy. Other names to note are Maria Giovanna Pisani, Eva Selvaggiuolo  and Domenico Musso.

The broad offering at Dentons encompasses M&A-related regulatory filings; the establishment of regulated entities; structuring internal control systems; and banking and investment services contracts. It is also experienced in capital requirements regulations; derivatives and stock lending regulations; and anti-money laundering and anti-terrorism regulations. Alessandro Engst is a highly-rated financial services regulatory specialist; Valerio Lemma focuses on banking, financial and insurance regulation and asset management; and Lorenzo Toppini is ‘very talented’.

DLA Piper's Rome-based financial services practice is routinely mandated to advise on domestic and cross-border banking and financial regulations. The team’s expertise covers anti-money laundering, derivatives, usury law, payment services, e-money, and other banking, payment and financial services-related technology matters (including crypto assets). Financial and banking regulation expert Agostino Papa leads the group, which includes derivatives and financial regulation specialist Vincenzo La Malfa. Nicoletta Alfano is another key contact.

In addition to advising Italian and international banks and financial intermediaries, LCA Studio Legale assists electronic money institutions, payment services providers, equity and debt crowdfunding platforms, and alternative investment trusts and funds with structuring and establishing operations in Italy. It also advises on Bank of Italy and CONSOB authorisations. Financial services regulation expert Umberto Piattelli is particularly focused on fintech, while Giancarlo Ranucci's practice includes insurance and reinsurance regulations.

Lener & Partners is a boutique corporate and financial services firm that assists with setting up banks, asset management companies, investment firms, insurance companies, and financial intermediaries that provide regulated services. The team also assists with contentious and restructuring issues. Name partner Raffaele Lener heads up the group; Grazia Bonante specialises in banking, financial services, insurance and international finance law; and Sonia Locantore is a financial services and corporate law practitioner.

Lexia‘s financial services regulatory and fintech team covers banking and investment services regulation, payment services, e-money, investment funds, alternative trading platforms, blockchain regulation, anti-money laundering, and compliance. Advising Italian and foreign financial institutions on the regulation of banking, financial, insurance, investment and payment services, Angelo Messore is ‘a key player in the market’, and Francesco Dagnino specialises in financial services regulation, along with capital markets, corporate and M&A.

White & Case (Europe) LLP covers a range of cross-jurisdictional matters, including corporate governance issues, shareholding structures, organisational models, capital requirements, and other regulatory-driven deals. The financial services regulatory practice in Italy is led by Alessandro Zappasodi, who advises Italian and foreign financial institutions and investors on banking, financial, payment services and asset management regulations. Andrea Lamonica also has notable financial services regulatory experience. Licia Mongiello departed the firm in June 2024.

In July 2024, ADVANT Nctm launched a new regulatory department, following its integration with banking, financial services and insurance regulation boutique Zitiello Associati. The practice, which assists Italian and international financial institutions with banking, insurance and financial market law, is led by Rome-based banking, investment and payment services specialist Danilo Quattrocchi.

Civale Associati's 18-strong team acts for banks, financial intermediaries, insurance companies, payment services providers, and e-money issuers on regulatory matters. Fabio Civale advises on the regulatory aspects of financial, banking and insurance services and products. The team is completed by Alberto Debernardi, Angela Morabito, Federico Cattaneo and Sebastiano Zanco.

Deloitte Legal Italy -Società tra Avvocati a r.l. has significant experience in relation to fintech and insurtech entities, as well as digital finance, crypto assets, payment services, e-money, and payment schemes companies. ‘Outstanding in his knowledge of the regulatory sector’, Guerino Cipriano leads the financial services regulatory practice in Milan.

EY TAX & LAW ITALY is experienced in the regulatory aspects of banking, financial, investment, payment, and insurance services. The team also assists with M&A transactions involving regulated entities, and anti-money laundering, fintech and market abuse regulation. Michele Odello advises on compliance with national and EU banking and financial regulatory frameworks.

GIM Legal is home to financial services, investment funds, corporate finance, and equity and debt capital markets experts. Working across the firm’s Rome, Milan and London offices, former CONSOB regulator Luigi Rizzi is a highly-regarded financial regulation expert; and Sergio Beretta's experience includes compliance, risk management and internal auditing.

Linklaters Studio Legale Associato's ‘highly-skilled’ Milan-based regulatory practice is co-led by Dario Longo , who also heads up the structured finance group; and Anna Ferraresso, who has significant experience in advising private equity funds on transaction structuring, changes in control, compliance, and the authorisation and setting up of regulated entities.

Molinari covers the key segments of the financial services industry, namely banks, asset managers, insurers, brokers, dealers, investment firms and financial intermediaries. Nicolò Juvara advises on regulatory matters involving insurers, banks and financial institutions; while Daniela Runggaldier routinely acts for insurance carriers, banks, financial intermediaries and private equity funds.

Orsingher Ortu – Avvocati Associati's fiinancial services regulation practice is headed up by banking and finance law specialist Luigi Baglivo, whose expertise covers the structuring of new products and services. Baglivo is supported by Massimo Ritrovato, who assists with the launch of new services and their adaptation to industry regulations.

Osborne Clarke's team in Milan comprises experts in financial services-related regulatory compliance, and market entry and growth matters. The Italian banking and finance regulatory department is led by Nunzia Melaccio, who has longstanding experience in advising on the regulatory compliance side to fund formations, asset management and investment services.

Studio Professionale Associato a Baker & McKenzie advises on fintech and payment services sector-related financial and insurance regulatory aspects. Its expertise covers authorisation procedures before the Italian authorities, along with reviewing internal policies and procedures. Eugenio Muschio is a ‘great lawyer’, while Alberto Fornari focuses on general, trade and structured finance.