01879cas a2200241 a 4500 AALejournalIMF014028 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475535211 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Monetary and Capital Markets Department. Italy : Detailed Assessment of Observance of IOSCO Objectives and Principles of Securities Regulation. Washington, D.C. : International Monetary Fund, 2013. 1 online resource (174 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper discusses main findings of the Detailed Assessment of Observance of International Organization of Securities Commissions (IOSCO) Objectives and Principles of Securities Regulation in Italy. Italy exhibits a high level of implementation of the IOSCO principles. Overall the legal and regulatory framework is sound, and the regulatory authorities have developed extremely sophisticated arrangements for off-site supervision that have resulted in a robust system of supervision. However, these arrangements need to be complemented by additional on-site inspections to make the system more effective. In addition, the enforcement strategy should be continuously monitored to ensure that there is the right mix of tools to affect behavior. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2013/353 Full text available on IMF http://elibrary.imf.org/view/journals/002/2013/353/002.2013.issue-353-en.xml IMF e-Library