Informazione finanziaria e tutela del risparmio

This paper examines financial information both as the result of communication activity (of professional agents) and as the premise of the savers' knowledge required in order to manage their money. Following this approach, the research analyzes a model of public intervention in the financial markets made through an heterogenus regulatory framework, which sets different levels of responsibility among mass-communication firms and financial intermediaries. In the end, this analysis concludes that the effects of the laws combine, but they do not reach any point of market equilibrium, which should require the regulation of a new "market for information".