Author: Italy Publisher: ISBN: Category : Banking law Languages : en Pages : 248
Book Description
On 1 January 1994 the Legislative Decree of 1 September 1993, No. 385, containing the Italian Unified Banking and Credit Act, entered into force. This Act is the most significant, single piece of Italian banking legislation since 1936. It abrogates over 100 pieces of existing legislation, brings Italian law into conformity with European Community norms, redefines the breadth and nature of activity that a single, Italian bank may undertake, and coordinates and consolidates related legislation, such as for bankruptcy, in its application to banking. The Act is the culmination of a development toward the rationalization and liberalization of the Italian finance market that began in 1985, and will work together with related legislation to regulate that market in a unified Europe.
Author: Italy Publisher: Kluwer Law International ISBN: 9789065448606 Category : Law Languages : en Pages : 224
Book Description
The Italian Unified Banking and Credit Act dates from January 1 1994 as part of the legislative Decree of September 1 1993 which entered into force at that time. Via this Act previous legislation meant to make banking, finance, and credit transactions more transparent and implement the EC Directives have been unified and coordinated. The various credit companies are no longer called `credit entities' but `banks' in the Act. The Act is divided into nine Titles each dealing with separate regulations and requirements meant to organize and control banking and credit activity. As a result of this legislative innovation the `universal bank' has been introduced into the Italian credit system, together with the `banking group' and the `holding company'. An important overall change which is brought into the Italian market through the Act is the move towards a despecialization of the Italian credit market. This book presents you with an English translation of the Unified Act and it includes notes citing, quoting or explaining other legislation to which the Act refers.
Author: D. Siclari Publisher: Springer ISBN: 1137507624 Category : Business & Economics Languages : en Pages : 240
Book Description
Within an environment made difficult by the continuing economic crisis, the Italian model for crisis management and resolution has helped to avoid many difficulties faced by intermediaries across the globe. However, the Italian model for crisis management will be forced to adapt to the new EU Bank Recovery and Resolution Directive, which introduces a unified regime for such events in all EU countries. This book explores the various methods for crisis management employed in Italian finance. The authors discuss procedures used in the banking and insurance sectors, such as deposit guarantee schemes and alternative dispute resolution systems. They also explore the evolution of the administrative sanctioning systems, and the roles of tax rules and credit rating agencies in Italian finance. This book analyses the evolution of the various crisis management processes, and discusses potential goals and improvements within the context of recent measures suggested by the European Commission.
Author: D. Siclari Publisher: Springer ISBN: 1137507594 Category : Business & Economics Languages : en Pages : 227
Book Description
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: Ross Cranston Publisher: Taylor & Francis ISBN: 1000288013 Category : Law Languages : en Pages : 334
Book Description
This text presents a practical analysis of the private law of banking transactions. Rooted in contract, the banker-customer relationship is overlaid with a range of rights and obligations having their derivation in tort, delict, notions of equity, good faith and statute. The book looks at some questions that arise within the banker-customer relationship in various European jurisdictions. What are the nature and consequences of the banker-customer relationship? Is there a duty on banks to advise customers and others about particular dealings and what liability arises if any advice given is wrong? What security can a bank take to protect itself as lender?
Author: D. Siclari Publisher: Palgrave Macmillan ISBN: 9781137507556 Category : Business & Economics Languages : en Pages : 0
Book Description
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.
Author: J.R. Winterton Publisher: Walter de Gruyter ISBN: 3110976412 Category : Reference Languages : en Pages : 696
Book Description
The aim of each volume of this series Guides to Information Sources is to reduce the time which needs to be spent on patient searching and to recommend the best starting point and sources most likely to yield the desired information. The criteria for selection provide a way into a subject to those new to the field and assists in identifying major new or possibly unexplored sources to those who already have some acquaintance with it. The series attempts to achieve evaluation through a careful selection of sources and through the comments provided on those sources.
Author: José Garrido Publisher: International Monetary Fund ISBN: 1498357032 Category : Business & Economics Languages : en Pages : 33
Book Description
To stabilize and bring down nonperforming loans (NPLs) in the Italian banking system, the Italian authorities have been implementing a number of reforms, aimed among others at speeding up insolvency and enforcement proceedings, strengthening bank corporate governance, cleaning up balance sheets, and facilitating bank consolidation. This paper examines the Italian banking system’s NPL problem, which ties up capital, weighing on bank profitability and authorities’ economic reforms. It argues for a comprehensive approach, encompassing economic, supervisory, and legal measures. The authorities’ reforms are important steps toward this end. The paper describes measures that could further support their actions.
Author: Italy
Author: Italy
Author: D. Siclari
Author: D. Siclari
Author: Ross Cranston
Author: D. Siclari
Author: Franco Riolo
Author: D. Siclari
Author: J.R. Winterton
Author: José Garrido