Related-Party Transactions Committee

 

The RPT Committee is assigned the functions set out in the BFF Banking Group's Regulation for the management of transactions of parties with a conflict of interest (the "RPT Regulation"), as provided for in compliance with the applicable regulatory provisions.

The RPT Committee represents a safeguard against the risk that any proximity of certain persons to the Bank's decision-making centres may compromise the objectivity and impartiality of decisions on transactions involving those persons, with possible distortions in the resource allocation process, the Bank's exposure to risks not inadequately measured or managed, and potential damage to shareholders and stakeholders. This is also for compliance with the prudential restrictions set out in Bank of Italy Circular No. 263.

The Committee comprises 3 (three) members of the Board of Directors, with the independence requirements specified in the Articles of Association and Board Regulations.

The Chairman of the Board of Directors is a full participant of the meetings, participating in them without voting rights.

 

Composition of the RPT Committee

Name Title Office
Carlo Paris Independent member Chairman of the Committee
Barbara Poggiali Independent member Committee Member
Michaela Aumann Independent member Committee Member