Italy : Financial Sector Assessment Program: Detailed Assessment of the Observance of Monte Titoli of the CPSS/IOSCO Recommendations for Securities Settlement Systems

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Release Date: © March, 2006
ISBN : 978-1-45181-994-6
Stock #: 1ITAEA2006007
Stock Status: On back-order

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This paper discusses a Detailed Assessment of the Observance of Monte Titoli (MT) for Securities Settlement Systems for Italy. The paper discusses that the rules and regulations governing the operations and activities of MT are public and accessible to participants. The Italian laws and regulations of Banca d’Italia (BI) and Consob provide a sound legal basis for the enforcement of transactions by defining the terms and conditions, and the rights and obligations of the involved counterparties as well as the obligations of MT toward their participants.


Capital markets , Economic cooperation , Financial institutions and markets , International organizations , Securities markets

More publications in this series: IMF Staff Country Reports