Recenti interventi normativi a favore dei soggetti operanti nel settore del microcredito. Caratteri soggettivi e profili tipologici di un modello imperfetto

By the introduction of a specific provision of microcredit within Title V of the Consolidated Banking Law, the legislature wanted to establish to regulatory and operational boundaries for an activities which, although still not very significant in terms of volume, has taken over the recent years - especially in light of the financial crisis and issues related to access to credit - an undisputed significance. Specifically, Article 111 sets out the objective (amounts and ancillary services), subjective (beneficiaries and intermediaries delivery) characteristics and economic conditions (interest rates and collateral) of microcredit; Article 113 defines the framework for supervision of the operators and the market. In particular, the provision of a Supervisory Body dedicated to the fund sums up the desire to stimulate orderly and monitored growth of the market. Waiting for the implementation of secondary legislation, it is useful in this paper make a few comments on the key points that characterize the new legislation and propose some amendments to the existing regulatory framework.