The new issue is out OAM Magazine 2021, the quarterly newsletter of theBody of financial agents and credit brokers. In particular, the OAM manages the register of these two professional figures, dictates the rules for their training and supervises compliance with the laws in this sector, with inspection and sanctioning powers.
This number opens with the analysis dedicated to the economic trend in the first quarter of this year on the basis of the assessments of Bank of Italy which sees possible growth above 4% for the current year but conditioned by the success of the vaccination campaign, the resources of the PNRR and the confirmation of income support for families and businesses. Exports are also growing thanks to the return of foreign investments in Italian securities.
Followed by an in-depth analysis of the mortgage directive which came into force on XNUMX July, which in the following months will be transposed through implementing decrees to arrive at the effectiveness of the discipline. The magazine presents an overview of the rules that will come into force starting next autumn and the timing of the implementing measures.
Among the contents there are also data on Fintech, loans to SMEs are growing strongly in 2020 and in the first quarter of 2021 and the belief, expressed by the Governor of the Bank of Italy Visco, that disintermediation will increase competition;
in addition, there is the survey of the ECB on the introduction ofdigital euro on the basis of which citizens and businesses welcome this step provided that privacy is protected. More than 8 individuals took part in the consultation, around 94% of private citizens. According to the public consultation, however, the timing of a possible introduction of the European digital currency will be quite long.
The effects of the Lexitor sentence are also present in the new review, with the increase in 2020 of defaults (372) on the decisions of the banking and financial Arbitrator by banks and financial companies, which also resist before the ordinary judge, against of a jurisprudence that is anything but unequivocal.
Finally, a deepening of the data contained in the OAM annual report relating to those registered in Lists and Registers, despite the health and economic crisis. A significant increase also in collaborators. Finally, also an insight into currency exchanges and a 2020 marked by the collapse of tourism.
