Supervision and Class Action Against Conflicts of Interest in 'Universal Banking': US Experience vis-a-vis Recent Italian Initiatives

Supervision and Class Action Against Conflicts of Interest in 'Universal Banking': US Experience vis-a-vis Recent Italian Initiatives

Supervision and Class Action Against Conflicts of Interest in 'Universal Banking': US Experience vis-a-vis Recent Italian Initiatives

The recent wake of financial scandals has prompted also in Italy a heated debate on how to regulate conflicts of interest emerging when banks simultaneously carry out commercial banking, on the one hand, and investment banking, on the other. Following this debate the article focuses its attention on US legal instruments that prevent and sanction abuses from conflicts of interests.

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