The latest issue of OAMagazine 2021 is out. L'editorial di Francis Alfonso – president of the Oam – underlines the results achieved by the Italian economy in 2021 and the body's attention to the community legislative process relating to the proposal for a regulation on cryptocurrencies, to the directive on consumer credit, to which the issue of refunds to debtors in the event of early repayment, and the effects on the market of the European passport.
This issue opens with a focus on coupons economic results achieved during the year by our country and the closing GDP forecasts with +6,3% and +4,7% next year, based on Istat assessments, despite the high uncertainty linked to the health situation , and the investigations of the Bank of Italy and Ipsos-Acri, on Italian households and savings, which show the improvement in household expectations on Italy's economic situation and the stabilization of the percentage of Italians who manage to save. But the resumption of infections could change the picture.
Followed by an insight into the banking sector. The good stability of the sector is also due to the support of state guarantees, and the first signs of a slowdown in the demand for credit by businesses due, according to Banktalia's analysis, to the abundant liquidity accumulated over the last year and a half and to the improvement of cash flows induced by positive economic developments.
The editorial then also presents the light and dark data of the Real Estate Market. Signs of recovery with prices on the rise but assessments on the conditions of demand do not improve.
Among the contents there are also data on fintech. The diffusion of technologies in the Italian financial industry helps to transform the structure. Collaborations between banks and start-ups are growing as a response to the need to secure advanced technologies and speed up project implementation times: 2021 million spent in the two-year period 2022-530, projects for another 281 million are in the pipeline. These are the results of the third Bank of Italy survey.
However, the document also highlights an increase in the first half of 2021 in the reports of suspicious transactions received by the FIU in the first half of 2021, with particular reference to money laundering operations: +32,5% compared to the same period of 2020.
Then a focus on the change of course imposed by the legislation passed in July 2021 on the financial banking arbitrator on the application of the sentence Lexitor, whose principles can only be applied to contracts signed after 25 July, pending the Constitutional Court ruling on the possible unconstitutionality of the legislation itself, and the new front on the repayment of the costs of real estate loans opened by the Austrian Supreme Court.
The new directive on Consumer credit and the point on the situation of the Slovenian Presidency which, in a document sent to all the countries of the Union, indicates the key political issues and the issues to be resolved and the EESC's positive opinion on the text of the proposal for the new Directive with the request for reformulation of the text on early repayments. The dossier passes to France which will have the next rotating presidency.
From Europe a shot of the accelerator from the EU Council on cryptocurrency regulation and the favorable opinion of the House Finance Committee on the European Commission's proposal for a regulation on the matter.
Finally, the editorial concludes with an analysis of the trend of subscribers to directories and registers in the first 10 months of the year, and an in-depth analysis of agents in financial activity which results in a lowering of the average age of subscribers, destined to speed up thanks to the Body's decision to exempt the "under 2022s" from paying the 30 registration fee to encourage the entry of "digital natives" into the entire sector. In conclusion, the acknowledgment by the judiciary of the role of the Oam in the fight againstcredit abuse.
