Financial Market Regulation: the Case of Italy and a Proposal for the Euro Area

Financial

Institutions

Center

Financial Market Regulation: The Case

of Italy and a Proposal for the Euro

Area

by

Giorgio Di Giorgio

Carmine Di Noia

and Laura Piatti

00-24

The Wharton Financial Institutions Center

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FINANCIAL MARKET REGULATION:

THE CASE OF ITALY AND A PROPOSAL FOR THE EURO AREA§

by Giorgio Di Giorgio*, Carmine Di Noia** and Laura Piatti***

This Version: June 2000

ABSTRACT

The objective of the present work is to sketch a proposal for the re-organisation

of regulatory arrangements and supervisory agencies in the European financial

markets. This proposal is formulated in light of the evolution of the role of

intermediaries and aims at speeding the ongoing process of integration of financial

markets in the Euro area. It is based on previous experiences in the matter of

financial regulation at both national and international level.

We...