I FONDI DI INVESTIMENTO ALTERNATIVI (FIA) TRA REGOLAZIONE EUROPEA, NAZIONALE E PROSPETTIVE DI AUTODISCIPLINA

The collection of savings from the public has shown a constant suitability to incorporate, by making a participant, the requests of investors and, therefore, of the economic system itself, basing the related regulatory apparatus on prudential criteria which — without abdicating control — have offered solutions of reconciliation between the interests involved. In the expansion of the phenomenon outlined, on the one hand, the need to regulate the entire asset management sector (on the sidelines of the overcoming of “shadow banking”) was envisaged in order to guarantee the uniformity of sectoral regulations and, from on the other hand, the development of innovative investment instruments was appreciated, which highlighted the need to enhance the self-regulatory tools of credit operators, subject to verifying their compatibility with the current market structure.