Italy: Financial Sector Assessment Program: Detailed Assessment of Implementation of the IOSCO Objectives and Principles of Securities Regulation

March 1, 2006

Summary

This paper discusses the Financial Sector Assessment Program focusing on Detailed Assessment of Implementation of the International Organization of Securities Commission (IOSCO) Objectives and Principles of Securities Regulation for Italy. The IOSCO Principles list a number of preconditions to effective securities regulation. These include the appropriateness of legal, tax, and accounting framework within which the securities market operates, the effectiveness of procedures for the efficient resolution of problems in the securities market, and the soundness of macroeconomic policies. These preconditions appear to be in place in Italy.

Subject: External audit, Financial institutions, Financial instruments, Financial markets, Government securities, Public financial management (PFM), Securities markets, Sovereign bonds

Keywords: CR, Europe, External audit, Government securities, ISCR, market intermediary, market management company, market manipulation, market operator, market rule, markets participant, regulated market, Securities markets, Sovereign bonds

Pages:
26
Volume:
2006
DOI:
https://doi.org/10.5089/9781451819960.002
Issue:
083
Series:
Country Report No. 2006/083
Stock No:
1ITAEA2006009
ISBN:
9781451819960
ISSN:
1934-7685

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