Consob meets with the financial community. Chiara Mosca is at the helm of the Authority. Here’s who she is
There is no permanent chair at the annual meeting of the Market Supervisory Authority, following the end of Paolo Savona’s term of office. The report will be presented by Chiara Mosca, acting chair
Key points
An annual report characterised by institutional continuity. At today’s annual meeting of the Securities and Exchange Commission – held on Monday 13 July at Piazza Affari – there is no incumbent chair, following the end of Paolo Savona’s term of office. The report is being presented by Chiara Mosca, acting chair. She is currently leading Consob, albeit during a transitional phase.
Appointed as a Consob Commissioner in August 2021 (officially taking up her post in September of the same year) with a seven-year term ending in March 2026, upon the expiry of the term of the outgoing chairman, Paolo Savona, she assumed the role of acting chairperson as the commissioner with the longest service record at the organisation.
Consob has been without a designated chair for months
The Authority has been without a designated chair for months (and still is), with the result that a commissioner has been temporarily called upon to carry out the chair’s duties. This is not the first time this situation has arisen: it has happened before, for example with Vittorio Conti between Lamberto Cardia’s departure and Giuseppe Vegas’s appointment, and with Anna Genovese during the transitions from Giuseppe Vegas to Mario Nava and, subsequently, from Mario Nava to Paolo Savona.
Expert in financial markets law and corporate governance
A Consob Commissioner since 7 September 2021, appointed on the recommendation of the Draghi government, Mosca has been acting as Deputy Chair since 9 March 2026, as the longest-serving member of the body. She succeeded Savona, whose seven-year term ended on 8 March.
She is an associate professor of Commercial Law at the Department of Legal Studies at Bocconi University (currently on leave of absence due to her role at Consob), and an expert in financial markets law and corporate governance. Her main areas of research and expertise lie at the intersection of financial market regulation and company law, with a particular focus on corporate governance, market abuse, transparency and takeover bids. She is also a Research Fellow at Bocconi’s Baffi-Carefin Centre.
