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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Співавтор: International Monetary Fund. Monetary and Capital Markets Department
Формат: Журнал
Мова:English
Опубліковано: Washington, D.C. : International Monetary Fund, 2013.
Серія:IMF Staff Country Reports; Country Report ; No. 2013/353
Онлайн доступ:Full text available on IMF
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500 |a <strong>On-Campus Access:</strong> No User ID or Password Required 
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520 3 |a 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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830 0 |a IMF Staff Country Reports; Country Report ;  |v No. 2013/353 
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