Italy : Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation.

This paper discusses main findings of the Detailed Assessment of Observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation in Italy. Italy exhibits a high level of implementation of the IOSCO principles. Overall the legal and regula...

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Dettagli Bibliografici
Ente Autore: International Monetary Fund. Monetary and Capital Markets Department
Natura: Periodico
Lingua:English
Pubblicazione: Washington, D.C. : International Monetary Fund, 2013.
Serie:IMF Staff Country Reports; Country Report ; No. 2013/353
Accesso online:Full text available on IMF
Descrizione
Riassunto:This paper discusses main findings of the Detailed Assessment of Observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation in Italy. Italy exhibits a high level of implementation of the IOSCO principles. Overall the legal and regulatory framework is sound, and the regulatory authorities have developed extremely sophisticated arrangements for off-site supervision that have resulted in a robust system of supervision. However, these arrangements need to be complemented by additional on-site inspections to make the system more effective. In addition, the enforcement strategy should be continuously monitored to ensure that there is the right mix of tools to affect behavior.
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Descrizione fisica:1 online resource (174 pages)
Natura:Mode of access: Internet
ISSN:1934-7685
Accesso:Electronic access restricted to authorized BRAC University faculty, staff and students