Italy: Financial Sector Assessment Program: Detailed Assessment of Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies: Securities Regulation
March 1, 2006
Summary
This paper discusses a Detailed Assessment of the Observance of the IMF Code of Good Practices on Transparency in Monetary and Financial Policies—Securities Regulation for Italy. The paper discusses that in the area of securities regulation, the objectives and responsibilities of the two supervisory authorities, namely Consob and the Banca d’Italia (BI), and the modalities of cooperation between them, are clearly established in the 1998 Consolidated Law. An area where further clarity may be warranted concerns the practical modalities of exchanging information with other domestic institutions.
Subject: Budget planning and preparation, Financial markets, Financial regulation and supervision, Financial statements, Fiscal accounting and reporting, Legal support in revenue administration, Public financial management (PFM), Revenue administration, Securities markets, Securities regulation
Keywords: BI statute, Budget planning and preparation, chairman of Consob, Consob, CR, Financial statements, government, ISCR, Legal support in revenue administration, Securities markets, Securities regulation, supervisory activity, thefor BI, Web site
Pages:
18
Volume:
2006
DOI:
Issue:
080
Series:
Country Report No. 2006/080
Stock No:
1ITAEA2006006
ISBN:
9781451819939
ISSN:
1934-7685






