La Riforma Degli Intermediari Finanziari Non Bancari Nella Prospettiva Di Basilea Iii

This essay describes the Italian reform of financial intermediaries (enacted by legislative decree no. 141/2010) according to the comprehensive set of measures developed in 2010 by the Basel Committee (i.e. Basel III). The aim of the work is to understand if there is a link between the Italian reform and the new international ‘soft law’ written to strengthen the regulation, supervision and risk management of the banking sector. The analysis of the ‘shadow banking system’ shows the benefit of this new wideranging approach in the supervision of various financial firms (including lenders and credit guarantee consortia). The innovations enacted by legislative decree no. 141/2010 purport the option of wider supervision equal to banks and financial intermediaries to see if this improves the sustainability of the markets, as this paper aims to demonstrate, or not