Supervision, formerly a one-dimensional activity, is now, in Italy as elsewhere, multifaceted. The system of controls is now articulated and organic, embracing every major segment of the financial industry: banking, securities, insurance and private pension schemes. Companies must obtain authorization to operate in these sectors and submit to supervision of such aspects as stability, transparency and correct conduct. The infrastructure serving the financial industry — markets and payment, clearing and settlement systems — is subject to control. Financial companies are required to comply with the rules of antitrust legislation.
KeywordsMonetary Policy Central Bank Banking Sector Payment System Investment Firm
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