In 2023, for the first time since 2017, the appeals received by the arbitrator for financial disputes (ACF) fell below the threshold of 1,000 (963) Over 90% of the appeals are directed against banking intermediaries, "which confirms the bank-centric structure of our financial system," said Gianpaolo Barbuzzi, president of Consob. "It finally attests to the definitive elimination of'serial' litigation, generated by the long wave of the banking crises of the last decade," he said.
The decline in proceedings also signals another positive element for Barb Buzzi: the past decisions of the arbitrators, although not binding, have been able to "dictate application guidelines capable of sterilizing, or at least minimising, the emergence of future similar disputes," he added. "The 2023 final balance shows a substantial halving, which is good news from various perspectives," he added, adding that the number of appeals is in line with the estimates developed by ConsoB in the planning phase of the new body.