Italian regulator establishes quant unit


Italy's Commissione Nazionale per le Societa e la Borsa (Consob), the regulator that oversees the country's securities markets, has created a stand-alone quantitative analysis unit. Headed by Marcello Minenna, Consob's chief quantitative analyst, the unit will seek to build quantitative systems to enhance the regulator's ability to conduct market surveillance on sophisticated investment products and detect market abuse. The unit was unveiled on May 2 as part of an overall organisational rest

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