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

 
 
Publication Date: December 06, 2013
 
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Summary: 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.
 
Series: Country Report No. 13/353
Subject(s): Securities regulations | Securities markets | Reports on the Observance of Standards and Codes | Financial Sector Assessment Program | Italy

Notes These documents have been produced in the context of the recent Italy FSAP as background documents to the Financial System Stability Assessment (FSSA) report that was discussed by the Executive Board on September 20, 2013 and published shortly thereafter (the FSSA is available here).
 
English
Publication Date: December 06, 2013
ISBN/ISSN: 9781475535211/1934-7685 Format: Paper
Stock No: 1ITAEA2013012 Pages: 174
Price:
US$18.00 (Academic Rate:
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