Consob, financial disputes arbitrator compensations rise to 142.5 million

Consob financial disputes arbitrator compensations rise to 1425 million

(Tiper Stock Exchange) – In 2022 the activity carried out by‘Arbitrator for Financial Disputes (ACF) saw the consolidation of emerging trends in previous years, which attests to the number of Frproceedings concluded at 1,635, making it possible to further reduce the backlog accumulated in the first years of activity: the total number of concluded proceedings from the start of the business has, in fact, risen to 9.020, against 9,811 appeals received. This is what emerges from the Report on the activity carried out in 2022.

Among the salient data there is also the amount of the compensation recognized to savers in 2022, equal to 18.9 million euroswhich bears the overall recognized compensation from the start of operations of the Referee in 2017 a 142.5 million euroswith a per capita average of over 35,600 euros.

“Many have been events of 2022 which deserve the title of extraordinary“, began the president of ACF, Gianpaolo Barbuzziciting the invasion of Ukraine, the long wave of the pandemic, the climate emergency, inflation, the restrictive policies of central banks.

” Precisely for this reason, what we are experiencing is the season of challenges and unconventional doing“, underlined Barbuzzi, relaunching investments and structural reforms, social equity, support for the weakest groups, enhancement of savings, protection of rights. And right here – he underlines – the ACF is called to play its role.

The report highlights the reduction in the number of incoming appealswho have in fact gone down to 1,116 in 2022 from 1,582 in 2021 and 1,772 in 2020.

The decrease in incoming appeals compared to the past is generally attributable to the climate of uncertainty deriving from the pandemic and the war in Ukraine, which led many savers to make conservative and low-risk financial choices, as well as to some regulatory changes, in force on 1 October 2021, which circumscribed the scope of the Arbitrator’s operations and the disappearance of the appeals relating to the banking crises of 2015 (savings betrayed).

As for the territorial distribution, consistently with the data recorded in the entire period of activity of the ACF, the North the area of ​​origin of the was confirmed higher number of appeals (41.3%), followed by the South (40.9%) and the Center (17%) of the country.

In 2022, in line with the trend of the five-year period 2017-2021, saw – with respect to the breakdown by gender – the prevalence of male applicants, symptomatic of a management of family wealth still of a purely male matrix. In fact, out of a total of 1,099 appeals received from natural persons, 761 were those presented by men (69.2%), 338 by women (30.8%).
The presence of women is significant in the case of joint ownership of investments (77.7% of cases).

The counter value of compensation claims contained in the appeals presented during 2022, which positively passed the preliminary admissibility/admissibility screening (797), was more than 44.8 million of euros, with an average appeal of 56,224.01 euros.

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