The Italian Unified Banking and Credit Act

The Italian Unified Banking and Credit Act

Editorial Reviews
Book Description
The Italian Unified Banking and Credit Act dates from January 1 1994 as part of the legislative Decree of September 1 1993 which entered into force at that time. Via this Act previous legislation meant to make banking, finance, and credit transactions more transparent and implement the EC Directives have been unified and coordinated. The various credit companies are no longer called `credit entities' but `banks' in the Act. The Act is divided into nine Titles each dealing with separate regulations and requirements meant to organize and control banking and credit activity. As a result of this legislative innovation the `universal bank' has been introduced into the Italian credit system, together with the `banking group' and the `holding company'. An important overall change which is brought into the Italian market through the Act is the move towards a despecialization of the Italian credit market. This book presents you with an English translation of the Unified Act and it includes notes citing, quoting or explaining other legislation to which the Act refers.

The Italian Unified Banking and Credit Act,Milan Staff Graham and James,Springer,9065448608,Banking,Law,Law / General

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