Italian Banking and Financial Law: Regulating Activities Regulating Activities

by Siclari, Domenico

• ISBN13: 9781137507587
• ISBN10: 1137507586
• Format: Hardcover
• Copyright: 2015-06-03
• Publisher: Palgrave Macmillan

Summary

Italian banks and financial intermediaries are subject to extensive regulation which has evolved throughout the country's history. There has also been much change to the country's financial regulation in recent years in response to the globalization of markets and intermediaries. The Italian administrative and regulatory system is often perceived as a major obstacle to economic productivity, and some causes of this ineffectiveness are deeply rooted and date back to the Italian unification and juridical culture.

This book provides an overview of the Italian regulation of banking and financial activities, and tracks the evolution of its 'economic Constitution' and market trends. It explores a range of topics within Italian regulation, including the regulation of banking activities, investment services and collective portfolio management. It examines in detail the relationship between intermediaries and customers, public offerings of financial instruments and products, public takeover bids, listed companies, insurance and reinsurance business. Among other current topics the authors discuss the link between investor protection and confidence in the financial markets; and assess the financial markets as a source of financing for companies.

Author Biography

Domenico Siclari is Associate Professor of Economic and Financial Markets Law in the Department of Economics and Law at the University of Rome 'La Sapienza', Italy. He has previously worked as an Officer at the Bank of Italy in Rome and as Counsellor of the Italian Parliament-Chamber of Deputies, where he headed up the Finance Division in the Research Department. After his research work at the Max-Planck- Institute for Comparative Public Law and International Law in Heidelberg, he obtained a Ph.D. in Economic Public Law at the University of Rome 'La Sapienza', and in December 2013 received the National Academic Qualification as Full Professor. He is a member of the scientific committee for the PhD course in Public, Comparative and International Law at the University of Rome 'La Sapienza', and is a member of the Advisory Board of the Law and Economics Yearly Review.

Table of Contents

1. Introduction: Domenico Siclari
2. Regulation Of Banking Activities: Marco Di Pietropaolo
3. Investment Services Or Activities: Massimiliano Carnevali, Emilia Petrocelli
4. Collective Portfolio Management: Valerio Lemma
5. Italy's Supplementary Pension System: Raffaele Capuano
6. Rules Regarding Relations Between Intermediaries And Customers: Diego Rossano
7. Public Offering Of Financial Instruments And Products: Paola Fico
8. Public Takeover Bids: The Legal Framework: Gioacchino Amato, Stefano Torregiani
9. Listed Companies: Simone Alvaro
10. Reinsurance Business: Andrea Miglionico