Download or read book The Italian Unified Banking and Credit Act written by Italy and published by . This book was released on 1994 with total page 248 pages. Available in PDF, EPUB and Kindle. Book excerpt: On 1 January 1994 the Legislative Decree of 1 September 1993, No. 385, containing the Italian Unified Banking and Credit Act, entered into force. This Act is the most significant, single piece of Italian banking legislation since 1936. It abrogates over 100 pieces of existing legislation, brings Italian law into conformity with European Community norms, redefines the breadth and nature of activity that a single, Italian bank may undertake, and coordinates and consolidates related legislation, such as for bankruptcy, in its application to banking. The Act is the culmination of a development toward the rationalization and liberalization of the Italian finance market that began in 1985, and will work together with related legislation to regulate that market in a unified Europe.