Francesco, Dagnino - In: Banca Impresa Società (2009) 3, pp. 421-442
Under Italian law, banks' regulatory Tier 1 capital (patrimonio di base) is composed of "paid-in capital" (Core Tier 1) and "innovative capital instruments". While paid-in capital is commonly intended to include all paid-in shares, this article shows that paid-in shares do not necessarily...