Iscflul.8.2.35

Financial Market Regulators and Crisis of Pandemic

https://doi.org/10.22364/iscflul.8.2.35 | Pages 494-502 | PDF

Giovanni Mollo, Dr. Econ.,
Specialist in Business Law, PhD in Property Law, Associate Professor,
Senior Advisory at Consob (Italian Stock Exchange Authority),
Legal Studies Office, Italy
 

Keywords: financial markets, economic regulation, regulatory authorities, pandemic crisis

Summary
The pandemic has affected all sectors of economy and finance. Having outlined the characteristics of the financial market regulatory authority, the question arises as to the role it should play in this context. Given that the authority is not an expression of popular sovereignty, the conclusion is that it cannot take action to counter the crisis generated by the pandemic, as it cannot define its own autonomous political and economic guidelines.