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I servizi di investimento e la gestione dei conflitti di interesse in Spagna

Author

Listed:
  • Gianni DEMICHELIS

    ()

  • Daniela VANDONE

    ()

Abstract

This paper analyses how the Spanish financial system manages the problem of preventing and/or handling conflicts of interest arising for a financial intermediary when it supplies investment services to retail customers. To this end, firstly the paper analyses the regulative framework aimed, on the one hand, to prevent conflicts of interest through higher disclosure of information and ad hoc mechanism of corporate governance and, on the other hand, to punish illegal behaviours. Secondly the paper analyses organizational and operational measures directly adopted by financial intermediaries in order to deal with conflicts of interest within a more general policy of greater disclosure

Suggested Citation

  • Gianni DEMICHELIS & Daniela VANDONE, 2007. "I servizi di investimento e la gestione dei conflitti di interesse in Spagna," Departmental Working Papers 2007-30, Department of Economics, Management and Quantitative Methods at Universit√† degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2007-30
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    File URL: http://wp.demm.unimi.it/files/wp/2007/DEMM-2007_030wp.pdf
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    More about this item

    Keywords

    Spanish financial system; investment services; conflict of interest;

    JEL classification:

    • G10 - Financial Economics - - General Financial Markets - - - General (includes Measurement and Data)
    • G20 - Financial Economics - - Financial Institutions and Services - - - General

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