How markets and payment and settlement systems operate both in Italy and Europe. Particular attention will be given to:
- The role and responsibility of the different actors in the system - market operators and national public authorities (domestic and international) - for the development of the systems and for the supervision on the related financial risks, with a vision of promoting the efficiency and the safeguard of the financial system stability;
- the regulatory frameworkat national European and G-10 level; the FSB and the G-20;
- Key factors for the development of payment systems