Regulatory Alerts1993-06-22
Urgent Decree of the Minister of the Treasury, President of the CICR, No. 242631 of June 22, 1993
The Italian Minister of the Treasury, acting as President of the Interministerial Committee for Credit and Savings, issued an urgent decree to establish a unified regulatory framework for the fundraising activities of credit institutions. The decree mandates that the Bank of Italy set minimum duration limits for bond issuances and issue general instructions to ensure market stability and distinguish deposit certificates from bonds. It also grants the Bank of Italy intervention powers in emerging markets and explicitly replaces several previous regulations from 1976, 1981, and 1987 regarding credit special institutes and fundraising instruments.
Share