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La compliance nell’attuazione della direttiva Mifid


  • Adalberto ALBERICI



Compliance is a matter of culture. Therefore, it should not be a surprise that the change is still at the beginning at any level of the management of the Compliance System. This path is made even harder by inconsistencies in the regulations that constrain the Intermediaries to perform in a context that is not coherent and generates, among others, inappropriate costs. The strategic and organizational way for Compliance, begun with the objective to create value, requires that each actor (Authorities, intermediaries, people) for his own responsibility, cooperate to set the proper conditions for a common cultural growth around a scale of values, that mist be declared, shared and easily identifiable.

Suggested Citation

  • Adalberto ALBERICI, 2009. "La compliance nell’attuazione della direttiva Mifid," Departmental Working Papers 2009-35, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
  • Handle: RePEc:mil:wpdepa:2009-35

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    Compliance; Mifid; Consob; Banca d'italia;

    JEL classification:

    • G21 - Financial Economics - - Financial Institutions and Services - - - Banks; Other Depository Institutions; Micro Finance Institutions; Mortgages
    • G34 - Financial Economics - - Corporate Finance and Governance - - - Mergers; Acquisitions; Restructuring; Corporate Governance
    • G38 - Financial Economics - - Corporate Finance and Governance - - - Government Policy and Regulation
    • K4 - Law and Economics - - Legal Procedure, the Legal System, and Illegal Behavior
    • M14 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Corporate Culture; Diversity; Social Responsibility


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