Ida Mercanti
Deputy Director General for Financial Supervision and Regulation - Bank of Italy
She was born in Rome on 3 August and is married with one child.
In 1987 she graduated summa cum laude in Economics and Business from La Sapienza University of Rome and wrote a dissertation on public finance.
She joined the Bank of Italy in 1989 and was assigned to the Banking Supervision Area, where she was involved in the supervision of smaller banks; from 2001 she also worked with specialized and recently established banks.
In 2006, she began to work on the reallocation of banks’ property and the creation of new credit institutions as deputy to the Head of the Licensing and Ownership Division. In 2008 she was put in charge of the Division, focusing on access to the market for new and foreign banks and financial intermediaries.
In 2013 she became Head of the Crisis Management Division for banks and other supervised intermediaries, which is also responsible for special administration and compulsory administrative liquidation procedures.
In 2014 she was appointed Deputy Head of the new Consumer Protection and Anti-Money Laundering Directorate, tasked with overseeing the safeguards against money laundering in the banking and financial system and the transparency and fairness of banks and financial intermediaries’ conduct vis-à-vis their customers, assisting the Banking and Financial Ombudsman, and promoting and creating financial education schemes.
On 20 November 2018 she was appointed Head of the Financial Supervision Directorate, which supervises non-bank intermediaries operating in financing, securities intermediation and financial and investment products as well as electronic money institutions and payment institutions.
On 31 August 2020 she became Head of the Banking Supervision 1 Directorate, in charge of supervising significant banks under the Single Supervisory Mechanism (SSM).
On 25 October 2021, she was appointed Deputy Director General for Financial Supervision and Regulation.
She has been a member and a president of examining boards for recruiting graduates at the Bank of Italy. As a result of her career experience, she has worked on drawing up supervisory regulations and guidelines, contributed to expanding the supervisory tasks attributed to the Bank’s branches, taken part in projects for international technical cooperation, set up schemes for training and external communications, published essays and spoken at various conferences.
