Since the outset of the 2008 financial crisis, policymakers realized the need to implement a new regime for banks and financial institutions restructuring. As a result, a change of attitude in the legal construction of the banking crisis management seems to have taken place. Amid the newly...

In the last three decades, only developing countries dealt with the shadow of debt defaults but the recent European sovereign debt crises showed that even an high-income developed country might be locus of primary concern for sovereign debt insolvency. To deal with the Sovereign Debt...

Since its inception, the Basel III international regulatory framework for banks has manifested a number of weaknesses in tackling the idiosyncratic and systemic risks arising from highly leveraged credit institutions. The continuing reliance on internal rating models to calculate capital...

The newly-issued ESRB report "A review of macro-prudential policy in the EU one year after the introduction of the CRD/CRR" aims at offering a broad overview upon the macroprudential measures so far implemented in the EU countries, either on a standalone basis or as implementation of the...

Italian Abstract: Il presente Articolo esamina le premesse normative della Legge Delega N. 170 del 12 agosto 2016, la quale delega il governo italiano al recepimento della raccomandazione CERS/2011/3 del Comitato Europeo per il Rischio Sistemico (CERS), riguardante il mandato macroprudenziale...