ABSTRACT
According to Article 129 U.A. the issue of securities, as well as the offering of foreign securities within Italian territory, exceeding the limits fixed by the Bank of Italy, must be communicated to the credit authority itself. The aim of the notification is to enable the Bank of Italy to exercise the power to defer the issue or the power of veto on the issue in cases, generally fixed by the Interdepartmental Committee for Credit and Savings, which might endanger market stability. In both the areas in Italy banks are (mainly) governed by the Unified Banking and Credit Act. Concerning the regulation of financial transactions in particular, Title VI of the Unified Act focuses on the transparency of financial transactions, establishing coordination between the previous law on the transparency of banking services and regulations governing consumer credit.
