Regulation of Banking Activities

Marco Pietropaolo

Chapter 2 in Italian Banking and Financial Law, 2015, pp 3-20 from Palgrave Macmillan

Abstract: Abstract The regulatory framework of banking activities in Italy have been traditionally characterized in the last 20 years by the central role of a consolidated law, regulating the main aspects of typical banking activity, that is the business of taking deposits or other repayable funds from the public and granting credits for its own account (see the definition of “credit institution” under Art. 4, para. 1, point 1, of EU Regulation no. 575/2013 (CRR) and, under the Italian legislation, the corresponding definition of banking activity in Art. 10 of Legislative Decree no. 385 of 1993). The mentioned consolidated law was adopted in 1993 (Legislative Decree no. 385 of 1 September 1993 — Testo Unico Bancario, Consolidated Banking Law, hereinafter TUB) in order to provide a comprehensive point of reference for the regulation of banking activities, repealing several provisions previously in force (see Art. 161 of the TUB, containing a long list of such provisions). The TUB grounded the Italian banking legislation on the EU law principles (single banking licence, home country control, mutual recognition) that were stemming from the EU banking directives (namely, the first and second EU banking directives, no. 77/780 and no. 89/646).

Keywords: European Central Bank; Competent Authority; Credit Institution; Banking Activity; European Banking Authority (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-1-137-50759-4_2

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DOI: 10.1057/9781137507594_2

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