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Ministry of Economy and FinanceFIRST MEETING OF THE FINANCIAL STABILITY SAFEGUARD COMMITTEE

Press Release N° 118 of 07/29/2008

The �Financial Stability Safeguard Committee' met today at the Ministry of Economy and Finance. Chaired by Minister Giulio Tremonti, it was attended by Banca d'Italia Governor Mario Draghi, the Chairman of stock market regulator CONSOB Lamberto Cardia, the Chairman of insurance industry supervisory body ISVAP Giancarlo Giannini and the Treasury Director General Vittorio Grilli.

The meeting was held to implement the Protocol undersigned on 7 March 2008 between the Ministry of Economy and Finance, the Banca d'Italia, the Consob and the Isvap, which conforms to the Memorandum of Understanding on co-operation between the banking Supervisors, Central Banks and Finance Ministries of the European Union in financial crisis situations.

Rome 07/29/2008

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