Italian banking and financial law. Vol. II, Intermediaries and markets

Résumé : This book explores the intermediaries of the Italian financial system. In today's increasingly global and integrated financial climate, there is an amplified need for cooperation between regulators and supervisors across the globe in order to promote economic growth and maintain competitive markets. However, idiosyncrasies remain within local markets, and for those wishing to participate within them, it is necessary to understand the distinctive qualities of each. This book explores the intermediaries of the Italian financial system. It examines the banks, investment services, electronic payment institutions, insurance companies and credit rating agencies functioning in the country, to explore how Italian regulation functions within the context of a wider harmonizing trend. The authors present a study on the current control models of the Italian markets in the wake of changes induced by the privatization of public banks, the increased size and complexity of the intermediaries, the increased level of competition, and the internationalization of the financial innovation. They explain how the country's financial markets are controlled by a combination of bodies, including the State, the authorities and the market participants themselves Résumé : This book explores the intermediaries of the Italian financial system. In today's increasingly global and integrated financial climate, there is an amplified need for cooperation between regulators and supervisors across the globe in order to promote economic growth and maintain competitive markets. However, idiosyncrasies remain within local markets, and for those wishing to participate within them, it is necessary to understand the distinctive qualities of each. This book explores the intermediaries of the Italian financial system. It examines the banks, investment services, electronic payment institutions, insurance companies and credit rating agencies functioning in the country, to explore how Italian regulation functions within the context of a wider harmonizing trend. The authors present a study on the current control models of the Italian markets in the wake of changes induced by the privatization of public banks, the increased size and complexity of the intermediaries, the increased level of competition, and the internationalization of the financial innovation. They explain how the country's financial markets are controlled by a combination of bodies, including the State, the authorities and the market participants themselves Front Matter....Pages i-xi Introduction....Pages 1-3 Front Matter....Pages 5-5 Banks....Pages 7-40 Financial Intermediaries in Investment Services or Activities....Pages 41-55 Electronic Money Institutions and Payment Institutions....Pages 56-86 Insurance Companies....Pages 87-106 Front Matter....Pages 107-107 Regulation of Markets in Financial Instruments in Italy and in the European Union: General Principles....Pages 109-116 Regulated Markets....Pages 117-196 Unregulated Markets....Pages 197-211 Back Matter....Pages 213-215 Italian Banking and Financial Law provides a thorough overview of the banking sector in Italy, offering historical perspectives, insight into current developments and suggestions for future evolution.