A bill for the “Establishment of a Parliamentary Commission of Inquiry into the Banking, Financial and Insurance System” was presented today by Senator Pierantonio Zanettin (Fi). According to what is learned, in the presentation of the provision Zanettin recalls that “already in the two previous legislatures the parliament recognized the need to set up a bicameral parliamentary commission of inquiry into the Italian banking and financial system, to investigate the events and behaviors that led to the crisis of national banking institutions on bank failures of the last decade and more, in general, to monitor the overall functioning of the country’s financial system “. “In the last decade, the banking, financial and insurance system has undergone significant changes, such as the spread of new business models, services and products, processes of reorganization and optimization of resources, the progressive reduction of volumes of typical credit activity in favor of the increasing weight of investment services and activities as well as significant competitive pressures deriving above all from Fintech – continues Zanettin, former member of the Commission on banks in the previous legislature – These dynamics place attention profiles on the protection of savings, on low financial education, on the correct functioning of the banking, financial and insurance system as well as on working well-being; conditions all necessary for the pursuit of the best interest of the client “. Zanettin stresses that the early closure of the XVIII legislature did not allow the previous Commission” to port some important cycles of hearings and fact-finding activities on topics of particular interest and relevance are completed, including, for example, crypto-assets, sustainable finance and Non-performing exposures (NPE) “. “It therefore appears necessary – he observes proposing a new bicameral Commission of inquiry – that even in the present legislature, Parliament pays special attention to the national banking, financial and insurance system, evaluating its adequacy and correct functioning with respect to the changing needs of citizens and companies and proposing any corrections to the reference legislation to ensure the modernity and competitiveness of the Italian system together with the protection of savings “.