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2015 | OriginalPaper | Chapter

Banks

Author : Vincenzo Troiano

Published in: Italian Banking and Financial Law

Publisher: Palgrave Macmillan UK

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The Consolidated Banking Act (Legislative Decree no. 385 of 1 September 1993, hereinafter also referred to as the TUB) defines a bank as an “undertaking authorized to engage in banking”. Banking consists of fund-raising on a public basis and the granting of credit (TUB 10, para. 1). In addition to banking, banks may also engage in any other financial business, in accordance with the provisions applicable to each activity, as well as related and instrumental activities (TUB 10, para. 3).1

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Metadata
Title
Banks
Author
Vincenzo Troiano
Copyright Year
2015
Publisher
Palgrave Macmillan UK
Book
Italian Banking and Financial Law

Print ISBN: 978-1-349-70124-7

Electronic ISBN: 978-1-137-50756-3

Copyright Year: 2015

DOI
https://doi.org/10.1057/9781137507563_2