Born in Rome on 17 February 1949. He graduated in Economics from the University "La Sapienza" of Rome in 1972 and then qualified as auditor.

He joined the Cremona branch of the Bank of Italy in 1973 and in 1975 was transferred to the Head Office in Rome, assigned to Banking and Financial Supervision, where he worked on problems associated with bank collapses and the protection of saving.

In 1991 he was in charge of the oversight of banks, in particular large banking groups, and was subsequently appointed head of the Bank Analysis and Intervention Division I of the Banking Supervision Department, dealing with the privatization and reorganization of the banking system and the coordination of decentralized supervision.

In 1999 he was appointed deputy head of the Banking Supervision Department and promoted to head in 2004. He has participated in several international groups and written widely on banking and the regulation of banking, as well as giving papers at numerous conferences and seminars. From 1 August 2008 to 1 January 2013 he served as Managing Director responsible for Accounting and Control, with the title of Accountant General.

From 2 January 2013 he is the Head of the Financial Intelligence Unit (FIU).