Cooperation between supervisors in the Italian financial market

Monaci, Elena
July 2004
Journal of International Banking Regulation;Jul2004, Vol. 5 Issue 4, p324
Academic Journal
The Italian financial market is jointly supervised by Banca d'Italia (the Bank of Italy -- Italian National Central Bank), Consob (the Italian Securities Commission), Isvap (the Italian supervisor of the insurance sector) and Covip (the Commission for the supervision of pension funds) which are entrusted with safe-guarding all forms of saving and investment. All these financial supervisors are obliged to coordinate so as to carry out their functions efficiently. Nowadays the collaboration is pivotal both at national and international level because of the globalisation of the economy and the integration of the markets. This problem is crucial in the EU, where there is a single market but there is not a single European financial supervision system yet.


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