Beware of financial scams on the Internet
By Marcello Condemi The practice of squatting, coinciding with the exponential spread of increasingly sophisticated new technologies, raises serious alarms because of the enormous damage it causes to the economy, financial activities and savers. Abusive activity is generally found when banking or financial activities are carried out without the necessary authorisation from, respectively, the [...]
Cover and risks: awareness of catastrophe insurance needs to be raised
By Marcello Condemi A recent study conducted by the Bank of Italy (February 2024) highlights the serious lack of adequate insurance cover in Italy in the event of catastrophic events. In fact, Italy, like (and perhaps even more than) other countries, is exposed to increasingly frequent and devastating natural events of various kinds, such as seismic events and [...]
Real and financial wealth in Italy
By Marcello Condemi On 29 January last, the Bank of Italy and Istat jointly published a document on the level of the country's real and financial wealth, from which it emerges that, while only non-financial firms improved (whose gross wealth increased by 2.41QTP3T and liabilities decreased by 2.61QTP3T), there was a drop in the indices [...].
The risks of the algorithm
by Marcello Condemi Artificial intelligence - as a technology that makes it possible to simulate (through the creation and application of integrated algorithms in a dynamic computing environment) the processes of human intelligence, enabling it to think and act like human beings - is capable of generating, depending on the algorithm designed, both an extraordinary capacity for calculation, assimilation and interpretation of enormous [...]
An unexceptional 2023 ended for credit disbursed to households and businesses
By Marcello Condemi From a financial point of view, 2023 cannot be counted among the most favourable years, as access to credit has been difficult and in many cases prohibitive for households and businesses. The reasons for this are to be found in particular in the significant increase in interest rates imposed by the ECB as well as in the [...].
Poverty: intervention for the most deprived can no longer be postponed
By Marcello Condemi The inflationary phenomenon, the effects of which are exacerbated by its “strong acceleration”, has led, among other things, to heavy repercussions on the already meagre budgets of the less affluent Italian population. ISTAT, in its Report on Poverty in Italy in 2022 published on 25 October last, recorded the devastating impacts of this phenomenon on the economic level [...].
French-style depreciation: mathematical-financial and code-regulatory criticalities
By Marcello Condemi Within the scope of the study of economic law, one of the many issues worthy of consideration is that relating to the potential criticalities underlying the straight-line depreciation system (so-called “French-style”), which, for some time now, has been attracting the attention of the courts in particular, due not only to the delicate legal issues underlying it, but also [...].
NADEF: from the fight against evasion resources for the country
By Marcello Condemi It is time for the Nadef, the Update Note with which the forecasts and strategies contained in the Def (Documento di Economia e Finanza, to be submitted to the Houses of Parliament by 10 April each year) are adjusted every year, by 27 September, due to changed macroeconomic and financial circumstances [...].
More efficient public apparatus to revitalise the capital
By Marcello Condemi «Rome Caput Mundi» was often repeated in past eras, and with good reason! Today, thousands of years after those glories, it pains us to note the state of difficulty of the economy (and not only) of the capital, while, data in hand, the central role in the country, in economic and financial terms (and not only) belongs to [...].
Protection of personal data and indemnity protection
In application of Article 8 of the “Charter of Fundamental Rights of the European Union” (the so-called “Nice Charter”) and Article 16 of the “Treaty on the Functioning of the European Union” (TFEU), having as their object, as a fundamental right of the individual, the "protection of personal data", the European Union, through the enactment of Regulation 679/2016 (the so-called G.D.P.R.), which was followed, in [...].
